Revenue Group broke away the immediate resistance level on strong trading volume – developing a “higher high and higher low” bullish structure. The latest long white candle that closed above the MYR2.00 immediate resistance-turned-support level is likely to see the bullish momentum follow through towards the next resistance at MYR2.10, followed by MYR2.20. On the other hand, falling below the MYR1.94 support may see the stock head south.

Source: RHB Securities Research - 11 Aug 2021