Taliworks Corporation is set to resume its uptrend movement as it crossed above the MYR0.945 consolidation phase on stronger volume yesterday – forming a “higher high” bullish structure. If the momentum sustains, the stock is set to propel stronger towards the MYR0.985 recent high, followed by the MYR1.03 multi-year high. Meanwhile, a drop below the MYR0.915 support may reverse the momentum southwards as it forms a “lower low” bearish structure, below the average line.

Source: RHB Securities Research - 19 May 2022