NWP Holdings is poised to resume its uptrend rebound as it attempted to move past the 21-day average line and also the immediate resistance of MYR0.255. If the stock manages to bounce above the immediate resistance, it may travel towards the next resistance of MYR0.285, followed by MYR0.34. Meanwhile, a fall below the next support level of MYR0.22 may trigger the resumption of a downward correction, printing a “lower low” bearish pattern.

Source: RHB Securities Research - 30 Mar 2022