MY EG Services is poised to continue the upside movement after staging a bullish breakout. The stock climbed above the 21-day SMA line and closed above the MYR0.90 resistance, showing the bullish setup is in play. Riding on the renewed momentum, the counter should travel towards MYR0.95, followed by the MYR1 mark. Conversely, breaching the MYR0.86 support will dent market sentiment and opens the door for downward movements

Source: RHB Securities Research - 22 Nov 2024