Kejuruteraan Asastera is set to resume its uptrend reversal, after breaching the MYR0.41 consolidation level on higher volume and printing a “higher high” bullish pattern. If a breakout sustains above this level, the bullish momentum may follow through towards the MYR0.435 resistance level, before propelling towards the higher resistance of MYR0.50. If it falls beneath the MYR0.385 support level, the momentum may dissipate.

Source: RHB Securities Research - 22 Oct 2021