Sand Nisko Capital is eyeing to print its multi-year high after it bounced off its support and broke above the nearest resistance level yesterday – confirming a “higher low” bullish pattern above the 21-day SMA line. If it manages to sustain above MYR1.36 resistance-turned-support level, the bullish momentum will lift the stock towards the next resistance pegged at MYR1.51, and then MYR1.60, the multi-year high. In the event the stock falls below the MYR1.30 support, this expectation will be voided.

Source: RHB Securities Research - 27 Jul 2021