Revenue Group is resuming its uptrend following the recent mild pullback, as it bounced off above the MYR1.65 immediate resistance yesterday on higher trading volume – printing a “White Marubozu” bullish candlestick. If it manages to stay above that point, the bulls may propel the stock towards the MYR1.73 resistance, followed by the next resistance of MYR1.92. However, the momentum may lose steam if it falls below MYR1.57, printing a “lower low” bearish pattern.

Source: RHB Securities Research - 25 Mar 2022