BIMB may trend higher after it formed a long white candle and breached above the MYR3.80 threshold. This candle sent the stock to its 7-month high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR3.80 level, with an exit set below the MYR3.70 threshold. Towards the upside, the immediate resistance is at MYR4.00. This is followed by the MYR4.20 level.

Source: RHB Securities Research - 28 Jan 2019