Multi-Usage Holdings is ready to resume its uptrend as it breached the immediate resistance of MYR0.765 on improved trading volume yesterday – forming a “higher high” bullish pattern with a long white candlestick. The buying interest above that level may follow through towards the MYR0.885 resistance level, before driving it towards the multi-year high of MYR0.97. If it falls below the MYR0.73 support level, the momentum may dissipate.

Source: RHB Securities Research - 28 Oct 2021