PMB Technology is poised for a rebound following a recent pullback, as it bounced off the support while heading towards the immediate resistance of MYR12.64. If it manages to push above that level – crossing above the 21-day average line – the bulls may propel the stock towards the MYR13.20 threshold, followed by the next resistance of MYR13.68. This expectation will be nullified if it falls below the support level of MYR12.04.

Source: RHB Securities Research - 7 Dec 2021