Mobilia Holdings is set for a strong rebound after it sprung up from the bottom, breaking above its previous resistance level on strong volume. The “higher high” bullish pattern above the 21-day SMA line shows that the bullish momentum is gaining strength while sustaining above the MYR0.42 support level. This momentum may lift the stock higher towards the next hurdle of MYR0.45, followed by MYR0.47. This expectation would be cancelled out if the stock falls below the MYR0.40 support level – below its short-term average line.

Source: RHB Securities Research - 11 Jun 2021