Astino is poised to extend the rebound after it breached the resistance on strong volume recently. If it remains above MYR1.48 – the resistance-turned-support level – the improved bullish momentum above the 21-day SMA line would propel the stock towards the next resistance levels of MYR1.66 and MYR1.80. On the other hand, if the stock drops below the MYR1.39 support level (ie below the 21-day SMA line), the anticipation should dissipate.

Source: RHB Securities Research - 15 Jun 2021