Artroniq is poised to continue its bullish reversal – it bounced off the support and was eyeing the immediate resistance level of MYR0.405 yesterday. If it pushes past that level – forming a “higher high” bullish pattern – the bulls may bring the stock towards the next resistance of MYR0.48, followed by MYR0.57. However, the momentum may lose steam if it falls below the MYR0.355 support, thereby printing a “lower low” bearish structure.

Source: RHB Securities Research - 16 Mar 2022