EP Manufacturing is in the midst of resuming its bullish momentum after breaking above the immediate resistance on surging volume recently – forming a “higher high and higher low” bullish pattern. If it stays above the MYR0.655 resistance-turnedsupport level, the bullish momentum should propel it towards the next barrier of MYR0.74, before reaching the higher resistance of MYR0.80. Meanwhile, if it falls below the MYR0.62 support level, this momentum should dissipate.

Source: RHB Securities Research - 26 Jul 2021