Lay Hong’s buying momentum may have returned after it recently rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR0.665 level, with an exit set below the MYR0.615 threshold. Towards the upside, the near-term resistance is at MYR0.76. This is followed by the MYR0.81 level.

Source: RHB Securities Research - 25 Sept 2018