Mr DIY Group is set to resume its uptrend after experiencing a technical breakout above the immediate resistance of MYR1.88 – forming a “higher high” bullish pattern. The bullish momentum is likely to persist, driving the counter higher towards the MYR2.20 resistance, followed by the MYR2.36 next resistance. On the flip side, falling below the MYR1.77 support negates the bullish setup, as it would then be trading below the 21-day SMA line.
 

Source: RHB Securities Research - 7 Jun 2024