BIMB may move higher after it continued holding above the MYR3.40 support. Yesterday’s long white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR3.54 level, with an exit set below the MYR3.40 threshold. Towards the upside, the near-term resistance is at MYR3.67. This is followed by the MYR3.82 level.

Source: RHB Securities Research - 30 Oct 2018