Privasia Technology is signalling a strong uptrend reversal as it moved past its immediate resistance on stronger trading volume yesterday – forming a long white candlestick. If it manages to maintain above its breakout level of MYR0.19, the bullish momentum will lift the stock towards the next resistance of MYR0.25, followed by MYR0.27. However, falling below the MYR0.175 support and forming a “lower low” pattern may see it drift to a lower level.

Source: RHB Securities Research - 26 Aug 2021