Fiamma Holdings may rebound from a recent retracement as it bounced off the 21-day average line, while attempting to move past the MYR0.97 resistance yesterday. If it manages to break above that level, buying interest should propel the stock towards the next resistance of MYR1.01, then the MYR1.05 YTD high. If it falls below the support level of MYR0.92, selling pressure may emerge as it forms a “lower low” bearish formation.

Source: RHB Securities Research - 28 Apr 2022