Kejuruteraan Asastera is poised to move past the recent high of MYR0.41 as it bounced off the immediate support yesterday on strong volume – crossing above the 21-day average line. If the stock crosses above that mark, the bulls may propel the stock towards the MYR0.44 resistance, followed by the MYR0.50 threshold. In the event that it falls below the MYR0.37 support, the positive momentum may fade away to fall further below the average line.

Source: RHB Securities Research - 10 Mar 2022