HPMT Holdings is poised to propel towards an all-time high as it bounced off the 21-day average line while hitting the MYR0.70 nearest resistance on strong trading volumes. If it manages to move past above this level, bullish momentum may persist to propel it towards the MYR0.76 historical high before possibly printing its new high level at MYR0.80. This expectation will be nullified if it falls below the MYR0.65 support level, ie below the average line.

Source: RHB Securities Research - 14 Dec 2021