Ucrest is eyeing a breakout after it attempted to move past the immediate resistance yesterday. The stock has been trading sideways after a recent rebound from its support. If the stock manages to cross the immediate resistance level of MYR0.375, the bullish bias may emerge to lift the stock higher. The next resistance levels are pegged at MYR0.425 and MYR0.45. If the stock falls below the MYR0.32 support level, the anticipated positive momentum would be invalid.

Source: RHB Securities Research - 21 May 2021