Ahmad Zaki Resources may move higher after it tested the MYR0.40 support recently. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR0.435 level, with an exit set below the MYR0.40 threshold. Towards the upside, the immediate resistance is at MYR0.50. This is followed by the MYR0.565 level.

Source: RHB Securities Research - 27 Feb 2019