Rubberex Corporation is ready to resume its uptrend as it surpassed the MYR0.70 immediate resistance yesterday on stronger trading volume – forming a “higher high” bullish pattern. If the momentum sustains, buying interest above that point should propel the stock towards the next resistance at the MYR0.80 threshold, and before hitting the MYR0.845 resistance. If it falls below the support level of MYR0.665, the bullish momentum is likely to lose steam with a “lower low” bearish formation.

Source: RHB Securities Research - 27 Apr 2022