Tashin Holdings may be trending upwards, as it attempted to move past the consolidation phase on strong volume. A bullish bias may emerge if a breakout occurs above the MYR0.605 level – forming a “higher high” bullish pattern. If that happens, the bulls may push the price to reach the resistance level of MYR0.625 before possibly hitting MYR0.68 – the highest level recorded since 1 Sep. However, falling below the MYR0.575 support may see the stock descending further to mark a “lower low” bearish pattern.

Source: RHB Securities Research - 8 Nov 2021