Mitrajaya may rise higher after it breached above the MYR0.35 threshold. This close sent the stock to its highest close in nearly five months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.35 level, with an exit set below the MYR0.31 threshold. Towards the upside, the immediate resistance is at MYR0.42. This is followed by the MYR0.47 level.

Source: RHB Securities Research - 11 Mar 2019