Awanbiru Technology is poised for a rebound, as it attempted to move past the consolidation phase on strong volume. A bullish bias may emerge if a breakout emerges above the MYR0.785 level – forming a “higher high” bullish pattern. If that happens, the bulls may propel the stock to reach the resistance level of MYR0.85, before possibly hitting MYR0.895. However, falling below the MYR0.74 support may see the stock descending further to mark a “lower low” bearish pattern.

Source: RHB Securities Research - 9 Nov 2021