Mitrajaya may rebound further after it tested MYR0.37 support in recent sessions. Yesterday’s candle sent the stock to its 1- week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.40 level, with an exit set below the MYR0.37 threshold. Towards the upside, the near term resistance is at MYR0.45. This is followed by the MYR0.50 level.

Source: RHB Securities Research - 2 Apr 2019