Sealink International is poised for an uptrend reversal as it consolidated below MYR0.23 following the recent pullback. If it manages to climb above that level, forming a “higher high” bullish pattern, the stock should scale towards the next resistance level at the recent high of MYR0.26, followed by the MYR0.30 mark. Towards the downside, a fall below the MYR0.195 support would nullify the bullish structure.

Source: RHB Securities Research - 16 Jan 2024