YBS International may reclaim its historical high after bouncing off the support to hit the immediate resistance of MYR0.725 yesterday – supported by strong volume. If the immediate resistance is breached, the follow-through of bullish momentum should drive the stock towards the historical high of MYR0.78, before possibly printing a new high of MYR0.85. However, falling below the MYR0.67 support may see the stock descending further.

Source: RHB Securities Research - 23 Dec 2021