Technical indicators are encouraging with the MACD crossing above its signal line and the RSI climbing towards the overbought zone.
After yesterday’s surge, the stock could pull back on profit taking but has a chance to extend its rebound if share price sustains above its immediate support of RM0.455. For the downside, we advise traders to cut loss if the price falls below the immediate support of RM0.455, marked by the 50- (blue line) and 100-day (pink line) moving averages.