Tasco was extending the uptrend when it breached the immediate resistance on strong volume yesterday. With the formation of a “higher low” pattern, together with the 21-day SMA line curving upwards, the bullish bias has established above the MYR1.19 resistance-turned-support level. As such, the stock may continue to head north, to test the resistance of MYR1.32, followed by MYR1.46. Meanwhile, a reversal below MYR1.10 would negate this expectation. .

Source: RHB Securities Research - 21 Apr 2021