DS Sigma is eyeing to test the 3-month high after breaking past the resistance on strong volumes. The stock has rebounded from the 21-day SMA line on sturdy volumes whilst breaching the MYR0.39 resistance – confirming the bullish setup. An extension of the bullish formation should see the counter travel towards MYR0.425, followed by the MYR0.48 level. On the downside, falling below the MYR0.36 support will kick-off the correction phase.

Source: RHB Securities Research - 13 Jul 2023