Seal Incorporated is in a position to climb higher as it hit its immediate resistance of MYR0.425 on surging trading volume yesterday – crossing above the 21-day SMA line. If it manages to pass through above that level, the positive momentum may accelerate towards the next resistance of MYR0.465, followed by MYR0.495 or its 52-week high. In the event it falls below the MYR0.40 support, ie below the moving average line, this expectation would be cancelled.

Source: RHB Securities Research - 2 Sept 2021