Innature is poised to break away from the consolidation phase after it bounced off 21-day SMA line – forming a “higher low” bullish structure. If it manages to break past the MYR0.67 immediate resistance level, the bullish momentum will likely follow through towards the recent high of MYR0.72, followed by the MYR0.745 historical high. On the other hand, falling below the MYR0.635 support may see it moving downwards.

Source: RHB Securities Research - 12 Aug 2021