The stock posted 5 white candles in a row and its 20-day EMA started to turn upwards yesterday, likely indicating the return of buying interest. In view of the uncovered upside gap formed on 26 Oct, the upward momentum is likely to pick up further. A bullish bias may emerge above the RM0.415 level, with stop-loss set at RM0.39, below the 50-day EMA. Towards the upside, the nearterm resistance level is seen at RM0.48, followed by RM0.50.

Entry : RM0.415–0.435

Target : RM0.48, RM0.50

Exit : RM0.39

Source: AmInvest Research - 31 Oct 2023