KUB Malaysia is eyeing its multi-year high as it bounced off from the recent pullback to breach the MYR0.755 recent high – printing a “higher high” bullish pattern with a “White Marubozu” candlestick. The bullish momentum above that level may propel the stock towards its multi-year high of MYR0.83, and then the MYR0.96 threshold. That said, this expectation will be nullified if it falls below the support level of MYR0.705 – yesterday’s low.

Source: RHB Securities Research - 26 Oct 2021