HSS Engineers formed an “Upside Gap” in the latest session and, at the closing, breached above the MYR0.945 resistance mark. This shows that its almost 2-week sideways consolidation phase has reached an end, and it is likely to rebound further. Towards the upside, immediate resistance is pegged at MYR1.04, followed by MYR1.15. Traders may exit upon the breach of the MYR0.895 support level.

Source: RHB Securities Research - 19 Nov 2018