HPMT Holdings is eyeing the historical high after it breached the resistance of MYR0.595 on the back of high trading volume – forming a long white candlestick. If it maintains above the breakout level, the bullish momentum may follow through towards the nearest resistance at MYR0.635, followed by the MYR0.66 all-time high. Meanwhile, falling below the MYR0.56 support – forming a “lower low” bearish pattern – would see the direction move downwards.

Source: RHB Securities Research - 10 Sept 2021