DPI Holdings is attempting to reclaim its recent high after bouncing off the support, heading towards the immediate resistance level yesterday, and printing a “White Marubozu” candlestick. If the immediate resistance or recent high of MYR0.41 is breached, the follow-through bullish momentum should drive the stock towards the resistance of MYR0.44, then MYR0.45. However, falling below the MYR0.38 support may see the stock descending further below the 21-day average line.

Source: RHB Securities Research - 24 Dec 2021