Fajarbaru Builder Group is resuming its positive momentum after breaking away from the immediate resistance of MYR0.80 on surging trading volume – forming a long white candlestick. If it stays above that level, the bullish momentum may propel the stock towards the next resistance at MYR0.87, followed by the MYR1.00 psychological level. However, if it falls below the MYR0.765 support level – forming a “lower low” pattern – this expectation will be cancelled.

Source: RHB Securities Research - 13 Sept 2021