OM Holdings Limited is eyeing the historical high after it rebounded off the immediate support level of MYR2.90 – drawing a “higher high” bullish pattern with a long white candlestick. Strong buying interest above that level is expected to persist until it reaches the MYR4.20 threshold, before hitting the historical high of MYR4.69. Conversely, falling below the MYR2.82 support – the recent breakout level – will nullify this expectation.

Source: RHB Securities Research - 5 Oct 2021