HSS Engineers is set to trend upwards further after it pushed past the breakout level of the MYR1.04 immediate resistance yesterday, on high trading volume – while printing a “White Marubozu” bullish candlestick. If the breakout is sustained, the stock may climb higher towards the recent high of MYR1.11, followed by the next resistance of MYR1.17. However, if it falls below the MYR0.94 support – forming a lower low – this expectation will be nullified.

Source: RHB Securities Research - 11 Jan 2024