Leon Fuat is in a position to move higher, as it attempted to break the resistance of MYR1.07 on strong trading volume. Supported by the latest white body candlestick, a bullish bias could emerge if it surpasses that level. If that happens, expect a follow-through price action to test the next resistance of MYR1.13, followed by the recent high of MYR1.25. Meanwhile, falling below the MYR1.00 psychological support would see the direction shift downwards.

Source: RHB Securities Research - 2 Sept 2021