YGL Convergence is poised to resume its upward movement, testing the immediate resistance on higher volume. If it manages to break above the MYR0.27 resistance level, a bullish bias may emerge. The stock will climb towards the next resistance pegged at MYR0.30, before moving to a higher hurdle at MYR0.32. Meanwhile, falling below the MYR0.245 support will invalidate this trading bias.
Source: RHB Securities Research - 19 Jul 2021