Infomina is eyeing for a technical breakout as it bounced off the immediate support to test the MYR1.43 resistance and the 21- day average line. If a breakout above that level happens, the stock would then trade above the average line, rebounding strongly towards the MYR1.50, before reclaiming the all-timehigh at MYR1.55, ie 17 Jan’s high. However, the counter may move downwards if it drops below the MYR1.33 support, as it forms a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 17 Feb 2023