KYM Holdings is set for a technical rebound as it broke above the MYR0.51 resistance yesterday on improved trading volume – forming a “higher high” bullish pattern above the 21-day average line. The bullish bias above that level is expected to propel the stock towards the MYR0.55 resistance, or 7 Jun’s high, followed by MYR0.57, or 27 May’s high. If it falls below the support level of MYR0.48, the stock may trend downwards below the average line.

Source: RHB Securities Research - 1 Jul 2022