Insas broke past the immediate resistance level on high trading volume last Friday – forming a “higher high and higher low” bullish pattern. The long white candle formed above the MYR0.915 latest breakout level is likely to see the bullish momentum follow through towards the next resistance set at MYR0.96, followed by the MYR1.00 psychological level. On the other hand, falling below the MYR0.89 support may see the stock move downwards.

Source: RHB Securities Research - 9 Aug 2021