Mynews Holdings is resuming its uptrend (from a recent pullback) as it broke away from its immediate resistance on surging trading volume yesterday. The “higher high” pattern above the 21-day SMA line signals a bullish bias has emerged above the resistance-turned-support level of MYR0.94. The bulls may propel the stock towards the psychological level of MYR1.00, before touching its YTD-high of MYR1.12. If the stock falls below the MYR0.90 support, this expectation would be cancelled.

Source: RHB Securities Research - 17 Aug 2021