Tambun Indah Land is set to climb higher, as it moved past the immediate resistance of MYR0.80 last Thursday and stayed above that point at the last session. As such, bullish momentum above that level may propel the stock towards MYR0.86 or the 52-week high, followed by the MYR0.90 threshold. However, the momentum may lose steam if it falls below the MYR0.76 support, printing a “lower low” bearish structure below the 21- day average line.

Source: RHB Securities Research - 21 Mar 2022