Awanbiru Technology is poised to resume its uptrend, as it rebounded from a recent pullback while trying to cross the MYR0.48 resistance level last Friday – supported by improved trading volume. If a breakout happens above that level, the bulls may propel the stock to the resistance level of MYR0.52 or 18 Aug’s high, followed by MYR0.55 ie the high of 13 May. However, the counter may reverse direction if it falls below the MYR0.42 support, negating the previous breakout level.

Source: RHB Securities Research - 11 Oct 2022