Malaysian Resources Corporation is eyeing to rebound to its YTD high, as it bounced off from the recent low towards testing the MYR0.33 immediate resistance, amid the recent “Morning Star” bullish reversal pattern. If the stock breaks above the immediate resistance, it may trend higher towards the MYR0.365 YTD high, followed by the MYR0.40 mark. On the flip side, dropping below the MYR0.30 support would nullify our expectation.

Source: RHB Securities Research - 10 Mar 2023