UEM Edgenta is set to extend its uptrend after it managed to stay above the previous breakout level on strong volume. After breaking past the previous resistance level of MYR1.87, the stock is expected to remain bullish, if it stays above this level. Towards the upside, the bulls may test the next resistance of MYR2.00, followed by the MYR2.15 level. This expectation would be cancelled if it falls below the MYR1.79 support.

Source: RHB Securities Research - 11 May 2021