Earlier last month, MAYBULK broke out from a downward-sloping trendline that spanning a year. The breakout provided an early indication that the downtrend may be coming to an end, and this was further confirmed by the subsequent "Inverted Head-and-Shoulders" reversal pattern a few days later. Taking into account the "Golden Cross" on the SMAs, we believe that a major bullish trend reversal is already in the making. Over time, we expect the share price to gradually climb towards the RM1.70 measurement objective, and suggest that investors buy on any weakness should the share price come close to the RM1.49 trigger line. A stop-loss of RM1.45 should also be placed once a buy trade is triggered.