Coraza Integrated Technology is poised to resume the uptrend after it rebounded strongly above the 21-day average line yesterday, while heading towards the immediate resistance of MYR0.845. If a breakout happens above that level, the bullish bias may propel it further towards the MYR0.895 point (13 Sep’s high), followed by MYR0.975 or 7 Feb’s high. However, the counter may reverse direction if it falls below the MYR0.77 support – trading below the average line while forming a “lower low” bearish structure.

Source: RHB Securities Research - 22 Sept 2022