Karex may trend higher after it formed a long white candle and breached above the MYR0.50 threshold. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A bullish bias may emerge above the MYR0.50 level, with an exit set below the MYR0.44 threshold. Towards the upside, the immediate resistance is at MYR0.575. This is followed by the MYR0.62 level.

Source: RHB Securities Research - 11 Apr 2019