Revenue Group is poised to resume its uptrend reversal as it attempted to move higher above the MYR1.04 resistance level recently. If a breakout happens, the bullish bias above that level may drive the counter north further, towards the recent high of MYR1.08, followed by MYR1.14, or 3 Jun’s high. If it falls below the MYR0.98 support, the momentum may reverse direction, as it forms a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 20 Sept 2022