Ann Joo Resources may trend higher after it formed a long white candle and breached above the MYR1.70 threshold. As the stock is trading above the uptrend line drawn in the chart, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.70 level, with an exit set below the MYR1.51 threshold. Towards the upside, the near-term resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 9 Apr 2019