YX Precious Metals has been in the midst of a consolidation phase since early March, hovering in the MYR0.27 and MYR0.295 range. If it manages to break past MYR0.295, the sideways consolidation movement would shift to an uptrend, heading towards MYR0.315, ie a 5-month high, followed by the next resistance at MYR0.34. On the flip side, falling below the MYR0.27 support will negate the bullish setup as it would then be trading below the SMA line.

Source: RHB Securities Research - 20 May 2024