Hextar Industries is set to resume an uptrend reversal as it managed to sustain above the recent breakout level of MYR0.27. If buying interest follows through above that level, the stock is expected to retest the recent high of MYR0.315, followed by the MYR0.325 all-time high. Conversely, falling below the immediate support of MYR0.25 may trigger the resumption of a downward correction as it forms a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 22 Mar 2022