Asia Poly Holdings is showing signs of resuming its uptrend after breaking past the resistance on strong volume. If it stays above the 21-day SMA line and resistance-turned-support of MYR0.36, the bullish momentum may lift the stock towards the next resistance level of MYR0.40, followed by MYR0.42. Meanwhile, breaching below the MYR0.345 support – beneath the 21-day SMA line – will negate this expectation and trigger a southward move for a further correction.

Source: RHB Securities Research - 9 Apr 2021