Annum is poised for an uptrend reversal as it attempted to move past the immediate resistance of MYR0.32 following a recent rebound above the 21-day average line. If a breakout above that level happens, the stock may push higher towards MYR0.345, followed by MYR0.37 or 13 Sep’s high. Conversely, the stock may trend south if it falls below the MYR0.28 support, forming a “lower low” bearish structure beneath the average line.

Source: RHB Securities Research - 21 Nov 2022