Fitters Diversified is resuming its uptrend as it broke past the immediate resistance level of MYR0.44 on improved volume – firming up its “higher low” bullish pattern. If it manages to stay above that level, the bullish momentum may lead to the resistance level of MYR0.515, before possibly hitting the MYR0.56 multi-year high. However, falling below the MYR0.40 support may see the stock descending further to mark a “lower low” bearish pattern.

Source: RHB Securities Research - 3 Nov 2021