Eastern & Oriental may rebound further after it tested the MYR0.555 support in its latest session. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.585 level, with an exit set below the MYR0.555 threshold. Towards the upside, the immediate resistance is at the MYR0.64 mark. This is followed by the MYR0.685 level.

Source: RHB Securities Research - 19 Feb 2020