Hextar Global has been accelerating in an upward trajectory since breaching the immediate resistance with surging volumes yesterday. If it manages to sustain above the MYR1.03 resistance-turned-support level, the bullish momentum may propel the stock towards its historical high at MYR1.14 – this is followed by a new high level of MYR1.20. Meanwhile, falling below the MYR0.95 support threshold will cancel this expectation.

Source: RHB Securities Research - 13 Jul 2021