Revenue Group’s buying momentum may have returned after it recently rose above the 21-day SMA line. Yesterday’s white candle can be viewed as a continuation of the bulls extending the rebound from 19 Dec 2018’s “Bullish Harami” pattern. A bullish bias may appear above the MYR1.35 level, with an exit set below the MYR1.21 threshold. Towards the upside, the near-term resistance is at MYR1.50. This is followed by the MYR1.57 level.

Source: RHB Securities Research - 3 Jan 2019