Yong Tai is set to test its previous high after it climbed above 21-day SMA line while breaching the immediate resistance yesterday. Premised with higher volume, the bullish bias is expected to remain above the MYR0.255 resistance-turn support level. The renewed momentum may propel the stock towards MYR0.275, followed by MYR0.285 resistance level. This expectation would be reversed if it drops below the MYR0.235 support level.

Source: RHB Securities Research - 4 Jun 2021