Key Asic may trend higher after it posted a long white candle and breached above the MYR0.20 threshold. This close has sent the stock to its highest close in more than five months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.20 level, with an exit set below the MYR0.145 threshold. Towards the upside, the immediate resistance is at MYR0.25. This is followed by the MYR0.28 level.

Source: RHB Securities Research - 18 Jul 2018