Nestcon is set to climb towards the historical high after it attempted to breach the immediate resistance of MYR0.335 on improved volume on Monday. If the stock is able to climb above the immediate resistance level, a “higher high” bullish pattern will emerge – indicating a bullish bias. In that state, the stock may climb to its next hurdle at MYR0.35, then hit the historical high of MYR0.37. Meanwhile, falling below the MYR0.305 support may reverse its direction.

Source: RHB Securities Research - 21 Jul 2021