ViTrox’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR6.26 level, with an exit set below the MYR5.70 threshold. Towards the upside, the near-term resistance is at MYR6.80. This is followed by the MYR7.22 level.

Source: RHB Securities Research - 18 Jan 2019