DiGi.Com may end its sideways consolidation as it attempted to break above its immediate resistance yesterday – forming a “higher low” structure. Coupled with improved volume while inching above the 21-day SMA line, the bullish bias may emerge if it manages to cross above the MYR4.32 immediate resistance level. The next resistance is eyed at MYR4.46, followed by MYR4.60. If it falls below the MYR4.19 support, the stock may move downwards.

Source: RHB Securities Research - 3 Jun 2021