Aimflex is eyeing a technical breakout after testing the immediate resistance level. The counter has been consolidating sideways below the MYR0.195 resistance level. If a breakout takes place, a bullish bias will emerge. In this case, the counter may climb towards the next resistance at MYR0.215, followed by the one at MYR0.235. However, a fall below the MYR0.17 support level would open the door for downward correction.

Source: RHB Securities Research - 4 Sept 2024