Ta Win may rise higher after it breached above the MYR0.55 threshold. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR0.55 level, with an exit set below the MYR0.50 threshold. Towards the upside, the immediate resistance is at MYR0.62. This is followed by the MYR0.675 level.

Source: RHB Securities Research - 15 Apr 2019