HCK Capital Group is attempted to print new high as it bounced off its immediate support heading towards the historical high recently. If it manages to breach above the immediate resistance of MYR1.84 – forming a fresh “higher high” pattern, the bullish momentum may uplift the stock towards the next resistance of MYR1.90, followed by the MYR2.00 psychological level. If the stock falls below the MYR1.76 support, this expectation would be void.

Source: RHB Securities Research - 1 Sept 2021