Coraza Integrated Technology is in the midst of rebounding higher as it bounced off the immediate support level recently to test the MYR1 threshold yesterday – hovering above the 21-day average line. If it manages to surpass the threshold, the stock may propel north towards MYR1.11, or 14 Feb’s high, followed by MYR1.16, or the all-time-high of 10 Feb. Conversely, the counter may reverse its direction if it falls below the MYR0.90 support, forming a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 28 Feb 2023