Samaiden Group is eyeing to propel higher as it recently retested the MYR0.76 immediate resistance above the 21-day average line – firming up the “higher low” bullish pattern. If the breakout happens – forming a fresh “higher high” bullish structure – the bulls may likely follow through to drive the stock higher towards the next resistance point of MYR0.815 (the high of 15 Feb), then the MYR0.90 threshold. However, the counter may reverse direction if it falls below the MYR0.715 support – moving downwards below the average line.

Source: RHB Securities Research - 3 Oct 2022