Flexidynamic Holdings may continue its uptrend after it broke away from the immediate resistance on strong volume yesterday. It printed a “higher low” price pattern, formed above the 21-day SMA line, to solidify its bullish setup. If the stock stays above MYR0.505, it may climb upwards further to test the 2-month high of MYR0.535, followed by MYR0.60. This expectation would be reversed if it drops below the MYR0.48 support level.

Source: RHB Securities Research - 1 Jun 2021