YBS International is set to propel higher after jumping strongly above the MYR0.52 immediate resistance level on strong trading volume – forming a “higher high” bullish pattern. If the buying interest persists, the bulls may drive the stock towards the MYR0.57 resistance, followed by MYR0.635 – the highest point recorded since 5 Apr. Meanwhile, a drop below the MYR0.48 support may cause the bullish momentum to lose steam as it negates the recent breakout level.

Source: RHB Securities Research - 30 May 2022