Astino is prepared for an uptrend reversal after it bounced off its support point and touched the immediate resistance of MYR0.72 on improved trading volume yesterday – printing a “higher low” bullish pattern with “White Marubozu” candlestick. If a breakout is sustained above this level, the buying interest may follow through towards the MYR0.775 resistance level, before driving it towards MYR0.87 level or June’s high. If it falls below the MYR0.68 support level, the momentum may dissipate.

Source: RHB Securities Research - 27 Oct 2021