EP Manufacturing is poised to print a technical breakout – after rebounding from the recent pullback – to print a “higher low” bullish pattern. If the bulls follow through to breach above the MYR1.24 immediate resistance level, forming a “higher high” bullish structure, the stock may travel towards the MYR1.36 resistance level, and then the MYR1.40 all-time high. If it falls below the support level of MYR1.12, the stock will likely move downwards, below the 21-day average line.

Source: RHB Securities Research - 28 Mar 2022