Awanbiru Technology is poised to resume its uptrend as it bounced off the 21-day average line while attempting to surpass the MYR0.50 level yesterday . If a breakout happens above that level, the stock may propel higher towards the recent high of MYR0.535, or 25 Oct’s high, followed by the MYR0.60 threshold. If it falls below the MYR0.45 support, the bullish momentum would be reversed, as it forms a “lower low” bearish pattern beneath the average line.

Source: RHB Securities Research - 4 Nov 2022