Lay Hong may rebound higher after it continued holding above the MYR0.40 support. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.44 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.50. This is followed by the MYR0.575 level.

Source: RHB Securities Research - 15 Mar 2019