Gadang may rebound higher after it continued holding above the MYR0.785 support. Last Friday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR0.785 level, with an exit set below the MYR0.785 threshold. Towards the upside, the near-term resistance is at MYR0.89. This is followed by the MYR0.96 level.

Source: RHB Securities Research - 6 May 2019