Malaysia Steel Works may climb higher after recording a white candle for a second consecutive day. This close has sent the stock to its highest point in more than five months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.53 level, with an exit set below the MYR0.50 threshold. Towards the upside, the near-term resistance is at MYR0.59. This is followed by the MYR0.625 level.

Source: RHB Securities Research - 10 Apr 2019