ATA IMS’s upside move may persist after it continued holding above the rising 21-day SMA line. Yesterday’s close sent the stock to almost its 7-month high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR1.63 level, with an exit set below the MYR1.50 threshold. To the upside, the immediate resistance is at MYR1.80. This is followed by the MYR1.88 level.

Source: RHB Securities Research - 3 Oct 2018