MBM Resources may rebound further after it tested the MYR2.00 support in recent sessions. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may emerge above the MYR2.06 level, with an exit set below the MYR2.00 threshold. Towards the upside, the immediate resistance is at MYR2.18. This is followed by the MYR2.26 level.

Source: RHB Securities Research - 27 Dec 2018