Techbond Group may rise higher after it breached above the downtrend line drawn in the chart. This candle can be viewed as a continuation of the bulls extending the rebound from 4 Feb’s “Hammer” pattern. A bullish bias may emerge above the MYR0.915 level, with an exit set below the MYR0.88 threshold. Towards the upside, the immediate resistance is at MYR0.955. This is followed by the MYR0.97 level.

Source: RHB Securities Research - 12 Feb 2019