Topmix is set to climb higher after rebounding strongly to reclaim the 21-day SMA line, and breaking above the MYR0.61 resistance yesterday. If the breakout sustains, the bullish momentum may propel the stock towards the historical high at the MYR0.68 resistance, followed by the next resistance at the MYR0.80 threshold. However, a fall below the MYR0.52 support would reverse the momentum, as the counter would be trading below the SMA line.
 

Source: RHB Securities Research - 12 Jun 2024