ViTrox Corporation may rebound higher after it continued holding above the MYR6.99 support. Given that the stock has formed a “Hammer” pattern on 12 Apr, this indicates a potential rebound. A bullish bias may appear above the MYR7.10 level, with an exit set below the MYR6.99 threshold. Towards the upside, the near-term resistance is at MYR7.37. This is followed by the MYR7.76 level.

Source: RHB Securities Research - 23 Apr 2019