Kronologi Asia is expected to rebound higher towards the multi-week high, as it breached above the immediate resistance of MYR0.66 on high trading volume – forming a “White Marubozu” bullish candlestick. Premised on the strong bullish interest, we expect the uptrend to resume and propel the stock towards the next resistance of MYR0.705, followed by MYR0.725 – its multi-week high. Conversely, falling below the MYR0.625 support will cancel this expectation.

Source: RHB Securities Research - 14 Sept 2021