The stock may trend higher after breaking out above the RM3.60 resistance with a white candle yesterday. With a new 52-week high coupled with rising EMAs, additional upside strength may be present in the near term. An upbeat bias may emerge above the RM3.60 level, with a stop-loss set at RM3.38, below 10 Feb’s low. On the upside, the near-term resistance level is seen at RM3.90, followed by RM4.00.

Entry: RM3.60–3.64

Target: RM3.90, 4.00

Exit: RM3.38

Source: AmInvest Research - 22 Feb 2022