MR DIY is in the midst of a consolidation, and eyeing a technical breakout. The stock underwent a sharp correction but rebounded lately as selling pressure is tapering down. If it breaks past the immediate resistance of MYR2.10, a bullish bias should emerge. It should then travel towards MYR2.18, followed by MYR2.25. On the flip side, breaching below the MYR2.00 psychologcial support would indicate that the bears have regained the control – and traders should then expect the resumption of a downside correction.

Source: RHB Securities Research - 14 Jul 2022