Vertice is poised to test its 2021 high as it moved past the consolidation phase on improved trading volume yesterday. The white candle that formed above the recent breakout level of MYR0.315 has signalled a bullish bias. If it remains above that level, the bullish momentum may lift the stock towards the immediate resistance of MYR0.375, followed by its YTD high of MYR0.40. Meanwhile, if it falls below the MYR0.30 support level – below the 21-day SMA line – this anticipation will be void.

Source: RHB Securities Research - 23 Aug 2021