Ramssol Group is eyeing to rebound from its recent pullback as it bounced off the 21-day average line and headed towards the MYR0.45 immediate resistance. If a breakout above that level happens, the stock may resume its uptrend towards reclaiming the recent high of MYR0.475, ie 19 Dec’s high. This is followed by MYR0.52, which was the highest level since 12 Sep. Conversely, the counter may reverse its direction if it falls below the MYR0.42 support, forming a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 30 Dec 2022