Bermaz Auto may trend higher after it recently hit its new 52- week high. As the stock marked a higher close vis-à-vis the previous sessions since 12 Mar, this indicates a positive sign. A bullish bias may emerge above the MYR2.31 level, with an exit set below the MYR2.10 threshold. Towards the upside, the immediate resistance is at MYR2.50. This is followed by the MYR2.70 level.

Source: RHB Securities Research - 18 Mar 2019