HeveaBoard may climb higher after forming another white candle and leaving an upside gap. This can be viewed as a continuation of the bulls extending the rebound from 4 Jan’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.645 level, with an exit set below the MYR0.57 threshold. Towards the upside, the immediate resistance is at MYR0.705. This is followed by the MYR0.77 level.

Source: RHB Securities Research - 25 Jan 2019