Bermaz Auto is set to move towards multi-month high, having broken above the immediate resistance of MYR2.20 yesterday and forming a "higher high" bullish pattern. The bullish momentum above this level may propel the stock towards the MYR2.39 before possibly reaching a new high at the MYR2.50 mark. However, if the stock falls below the support of MYR2.10, which is also below the 21-day SMA line, it would negate our expectations.

Source: RHB Securities Research - 28 Mar 2023