Coastal Contracts is expected to rebound upwards further, as it managed to stay above the recent breakout level of MYR1.89 yesterday on high volume – firming up its “higher high” bullish pattern. If the bulls follow through, the stock may travel towards MYR2.09 or the 52-week high, before heading for the next resistance point of MYR2.28, which was the highest level since Oct 2015. If it falls below the support level of MYR1.75, the stock will likely move downwards, below the 21-day average line

Source: RHB Securities Research - 5 Apr 2022