DXN Holdings is in the midst for an uptrend reversal, as it rebounded strongly recently towards the MYR0.69 immediate resistance, followed by a mild pullback. If it manages to resume its bullish momentum and achieve a breakout above that level, the stock is likely to trend higher towards the MYR0.735 resistance, followed by the MYR0.77 resistance, or its all-timehigh. Conversely, a decline below the MYR0.63 support would signal a reversal of the potential positive rebound.

Source: RHB Securities Research - 1 Nov 2023