Yenher Holdings is set to propel towards its all-time-high, as it climbed above the immediate resistance of MYR1.01 yesterday on significant trading volume, forming a “White Marubozu” bullish candlestick. The “higher high” bullish pattern may lead to the stock moving towards the MYR1.08 resistance – the historical high – before possibly printing a new peak of MYR1.20. However, if it drops below the support point of MYR0.97, forming a “lower low” bearish pattern, this would negate our expectations.

Source: RHB Securities Research - 7 Apr 2023