Dagang Nexchange is eyeing to climb above the 21-day average line as it bounced off its support level yesterday on high volume – printing a “higher low” bullish pattern. If the positive momentum continues to surpass the immediate resistance of MYR1.05 – also the average line – the bulls may drive the stock towards the next resistance of MYR1.09, followed by MYR1.18. If it falls below the support of MYR0.98, the stock will move downwards, below the average line.

Source: RHB Securities Research - 22 Mar 2022