Malaysia Airports Holdings may test the multi-month high, as it bounced off the support and headed towards the closest resistance level yesterday. If it breaches the immediate resistance of MYR6.45, a bullish bias should appear and lead to a “higher high” pattern. Subsequently, the stock may climb towards the recent high of MYR6.83, followed by MYR7.06 – the multi-month high. Meanwhile, falling below the MYR6.01 support level would reverse the trend – whereby it could chart a “lower low” pattern.

Source: RHB Securities Research - 22 Jun 2021