At the time of writing, Nova Wellness Group is holding below the MYR0.75 resistance. If a decisive breakout occurs, a bullish bias may be present above this point with a target price of MYR0.825, followed by MYR0.90. The stock may consolidate further if it cannot decisively breach above the MYR0.75 threshold in the coming sessions. Support may be found at MYR0.66, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 19 May 2020