ACME Holdings is eyeing to resume its uptrend movement as it attempted to break past the recent sideways consolidation phase of MYR0.27 on strong volume. If it manages to surpass that level, an uptrend momentum could be established to inch the stock higher towards the recent high of MYR0.285, then the MYR0.30 threshold. Conversely, the current sideways movement may turn downwards if it falls below the MYR0.25 support, below the 21-day average line.

Source: RHB Securities Research - 13 May 2022