Mynews Holdings may be headed for a rebound, as it bounced off the support recently, followed by a mild pullback yesterday. If the bulls re-emerge to push the stock above the immediate resistance of MYR0.945 – above 21-day average line – it may reach the psychological resistance of MYR1.00, before hitting the recent high of MYR1.03. However, falling below the MYR0.895 support may see the stock descending further.

Source: RHB Securities Research - 11 Nov 2021