My E.G. Services’ uptrend may be resumed as it was headed north yesterday towards the immediate resistance of MYR0.87, on improved trading volume. If it manages to break past that level, the uptrend would firm up and push the stock towards the resistance point of MYR0.915 (the high of 14 Apr), followed by MYR0.965. However, if it drops below the MYR0.815 support point, this would indicate a failed rebound and likely open the door to a potential major downtrend.

Source: RHB Securities Research - 15 Jun 2023