DXN Holdings is set to see an uptrend reversal after bouncing off the 21-day SMA line and testing the MYR0.66 immediate resistance level yesterday. If a breakout occurs above this level, bullish momentum may propel the stock towards the MYR0.72 resistance, and then towards the next resistance level at MYR0.77. However, a fall below the MYR0.635 support level would reverse the momentum, as the counter would move downwards to form a "lower low" bearish structure.

Source: RHB Securities Research - 5 Jun 2024