HSS Engineers is rebounding towards the MYR1.02 resistance level following recent strong correction – forming a “Morning Star” bullish reversal candlestick pattern. If a breakout above that resistance occurs, the uptrend reversal is confirmed, and it is set to rebound towards the MYR1.09 resistance, followed by the MYR1.20 next resistance. However, breaching below the MYR0.855 support would result in the resumption of the correction phase.

Source: RHB Securities Research - 23 Apr 2024