Lee Swee Kiat may trend higher after recording a higher close vis-a-vis the previous sessions since 22 Jan. This can be viewed as a continuation of the bulls extending the rebound from 8 Jan’s “Hammer” pattern. A bullish bias may emerge above the MYR0.95 level, with an exit set below the MYR0.90 threshold. Towards the upside, the immediate resistance is at MYR1.03. This is followed by the MYR1.08 level.

Source: RHB Securities Research - 30 Jan 2019