EP Manufacturing is in the process of consolidating sideways following a sharp retracement recently – it attempted to push above the immediate resistance of MYR1.01. If it manages to breach that level, a follow-through of this bullish momentum should propel the stock above the 21-day average line towards the MYR1.17 resistance, followed by the next resistance point of MYR1.22. If it falls below the MYR0.91 support, the momentum may be reversed.

Source: RHB Securities Research - 6 Dec 2021