Malaysia Airports Holdings is eyeing an uptrend rebound after it bounced off the 21-day average line yesterday, heading towards the immediate resistance of MYR6.46. If it manages to climb above that level to print a “higher high” bullish pattern, the bulls may jump further towards the next resistance of MYR6.66 – which was February’s high – followed by MYR7.00. However, the momentum may lose steam if it falls below the MYR6.00 psychological support and print a “lower low” bearish structure, below the 21-day average line.

Source: RHB Securities Research - 10 Mar 2022