DPI Holdings is testing the immediate resistance of MYR0.43 on stronger volume as it bounced off the 21-day SMA line with a long white candlestick. If it manages to breach above that level, the bullish momentum may propel the stock towards the immediate resistance of MYR0.455, or its all-time high, before charting a new high of MYR0.50. Meanwhile, if it falls below the MYR0.40 support level – below the average line – this expectation will be cancelled.

Source: RHB Securities Research - 25 Aug 2021