Mr D.I.Y Group is extending its uptrend after it bounced off the immediate support yesterday. The “higher high” and “higher low” pattern above the 21-day SMA line points to a bullish continuation set-up above the breakout level of MYR3.77. The positive momentum may boost the stock towards the next resistance of MYR4.14, before hitting its all-time-high of MYR4.37. If the stock falls below the MYR3.70 support, this expectation would be cancelled.

Source: RHB Securities Research - 18 Aug 2021