Dancomech may rebound further after it tested the MYR0.535 support recently. The stock has posted a white candle and hit its new 52-week high, which pointed to a positive sign. A positive bias may appear above the MYR0.58 level, with an exit set below the MYR0.535 threshold. Towards the upside, the near-term resistance is at MYR0.65. This is followed by the MYR0.70 level.

Source: RHB Securities Research - 11 Mar 2019