KESM Industries may rebound further after it tested MYR9.85 support in recent sessions. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR10.60 level, with an exit set below the MYR9.85 threshold. Towards the upside, the near-term resistance is at MYR11.90. This is followed by the MYR12.90 level.

Source: RHB Securities Research - 2 Nov 2018