Mah Sing Group may undergo a technical breakout after testing the MYR0.885 immediate resistance level for the past two sessions, backed by strong trading volume. If it breaches that level and forms a “higher high” bullish pattern, the stock may climb higher towards the next resistance of MYR0.92 (the 52- week high) before reaching the MYR1 threshold. Conversely, a drop below the MYR0.835 support would invalidate the bullish setup, as the stock may fall below the 21-day SMA line.

Source: RHB Securities Research - 17 Jan 2024