Tanco Holdings could undergo a rebound from a recent pullback as it rebounded from the 21-day average line while moving towards the MYR0.305 resistance level yesterday – firming up the “higher low” bulish structure. If the bulls persist, the stock may climb further towards the recent high of MYR0.32, followed by MYR0.34 or 15 Apr’s high. If it falls below the MYR0.275 support, the stock may see a reversal in momentum as it forms a “lower low” bearish pattern, below the average line.

Source: RHB Securities Research - 30 Sept 2022