AIMFLEX is eyeing to stage a bullish breakout, testing the immediate resistance with high volume. We observe that volume has been increasing, suggesting the bullish momentum is gaining pace. In the event the counter breaks past the MYR0.185 resistance, a bullish bias will emerge. If this happens, we expect the counter to climb towards the next resistance pegged at MYR0.20, followed by MYR0.22. Towards the downside, breaching the MYR0.16 support will open door for a correction.
 

Source: RHB Securities Research - 19 Jun 2024