Prolexus may trend higher after it formed a long white candle and breached above the MYR0.60 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR0.60 level, with an exit set below the MYR0.56 threshold. Towards the upside, the near-term resistance is at MYR0.67. This is followed by the MYR0.71 level.

Source: RHB Securities Research - 7 Mar 2019