Karex may rebound further after it tested the MYR0.375 support in its latest session. Last Friday’s long white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.41 level, with an exit set below the MYR0.375 threshold. Towards the upside, the near-term resistance is at MYR0.495. This is followed by the MYR0.54 level.

Source: RHB Securities Research - 11 Feb 2019