ATA IMS may rise higher after posting a white candle and hitting its 1-week high. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may appear above the MYR1.80 level, with an exit set below the MYR1.70 threshold. Towards the upside, the near-term resistance is at MYR1.92. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 17 Dec 2018