MR D.I.Y Group is set to resume an uptrend movement from the recent pullback, after it attempted to breach above the immediate resistance on high volume. Coupled with a “higher low” pattern above the 21-day SMA line, the bullish momentum should appear if it breaches above the immediate resistance pegged at MYR4.00. If this happens, the momentum may propel the stock towards the MYR4.17 and MYR4.30 resistance levels. If it breaches below the MYR3.85 support level, this expectation may be cancelled.

Source: RHB Securities Research - 9 Jun 2021