IHH Healthcare may rise higher after it breached above the downtrend line drawn in the chart. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR5.20 level, with an exit set below the MYR4.96 threshold. Towards the upside, the near-term resistance is at MYR5.58. This is followed by the MYR5.80 level

Source: RHB Securities Research - 9 Oct 2018