DKSH Holdings recorded a fresh 52-week high yesterday as it broke off its consolidation phase of MYR5.78 on increasing trading volume – printing a “higher high” bullish structure with a long white candlestick. Bullish momentum above this level may propel the stock towards its multi-year high of MYR6.50, and then the MYR7.13 resistance level. That said, this expectation will be nullified if it falls below the support level of MYR5.24.

Source: RHB Securities Research - 21 Oct 2021