Hextar Global is set to resume its recent uptrend reversal as it climbed above the MYR1.72 immediate resistance yesterday – forming a “higher high” bullish pattern. The bullish bias above the breakout level may take the stock towards the MYR1.80 level, followed by MYR1.86, which was the high of 5 May. However, the counter may reverse direction if it falls below the MYR1.64 support, as it may form a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 9 Sept 2022