Mynews Holdings is in the process of consolidating sideways, as it retraced mildly yesterday from the immediate resistance of MYR0.93. Breaching above this mark will form a “higher high” bullish structure. If a breakout happens above that consolidation phase, the bulls may climb towards the MYR1.03 immediate resistance, followed by the MYR1.06 mark. However, falling below the MYR0.90 support – below the 21-day average line – may see the stock descending further.

Source: RHB Securities Research - 15 Dec 2021