Optimax, which pulled back from a recent high, is in the midst of consolidating and forming a higher low. The stock has been trending higher on the back of strong trading volume. A breakout above the immediate resistance level of MYR1.38 will see the positive momentum lift it towards the next resistance level pegged at MYR1.45 followed by MYR1.55. Meanwhile, a downside breach of the MYR1.25 support level would nullify this expectation and see further share price correction

Source: RHB Securities Research - 25 Feb 2021