Vivocom Intl Holdings is poised for a major rebound, as it moved away from its sideways consolidation phase yesterday. Premised on high volume above the 21-day SMA line (curving upwards), the bullish bias is expected to stay above the MYR0.74 resistance-turned-support level. If that remains, the stock may travel higher towards the next resistance of MYR0.775 before propelling further towards the MYR0.85 hurdle. This expectation would be nullified if the stock falls below the MYR0.70 support level.

Source: RHB Securities Research - 8 Jun 2021