Mah Sing is poised to extend its uptrend after breaking past the immediate resistance on high trading volume. The stock has been charting a “higher high” with “higher low” on strong volume, which indicates that a bullish formation has emerged. If it remains above the breakout point of MYR0.615, it should climb towards the next resistance of MYR0.65, followed by MYR0.69. On the flip side, falling below the MYR0.58 support would negate the bullish setup.

Source: RHB Securities Research - 7 Feb 2023