Reservoir Link Energy is set to rebound higher as it reclaimed above its recent breakout level of MYR0.52 following a recent pullback – forming a “higher low” bullish structure. If it manages to retain above this resistance level, a follow through of this bullish momentum should propel the stock towards the immediate resistance of MYR0.56, followed by the next resistance at MYR0.58. If it falls below the MYR0.49 support, the momentum may be reversed.

Source: RHB Securities Research - 16 Dec 2021