Mitrajaya may climb higher after forming a white candle and hitting its highest close in more than six months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.405 level, with an exit set below the MYR0.375 threshold. Towards the upside, the immediate resistance is at MYR0.47. This is followed by the MYR0.525 level.

Source: RHB Securities Research - 19 Mar 2019