DPI Holdings Bhd (DPIH, 0205)

• Share price closed 2.1% higher at RM0.480 yesterday.

• DPIH formed a bullish engulfing pattern last Friday. There was a morning star from 4 October to 6 Oct, signalling a reversal from short term correction. Its MA50 seems to be a strong support as it trended higher along its MA50 since mid of July.

• Resistance levels are identified at RM0.510 (R1) and RM0.535 (R2).

• On the flipside, support levels are pegged at RM0.465 (S1) and RM0.440 (S2).

Source: Rakuten Research - 11 Oct 2021