Mestron Holdings may rest its recent historical high, after the stock breached the immediate resistance yesterday on improved volume. If it manages to stay above the recent breakout level of MYR0.425, the positive momentum may propel the stock towards its recent historical high of MYR0.46, followed by a new high of MYR0.50 (which is also the psychological level). Meanwhile, falling below the MYR0.40 support may see the stock moving downwards.

Source: RHB Securities Research - 18 Jun 2021