Theta Edge is poised for a breakout after rebounding, as it attempted to hit the immediate resistance of MYR0.87 on strong volume yesterday – printing a “White Marubozu” candlestick. If that level is breached, the follow-through bullish momentum should drive the stock towards the resistance of MYR1.00, then MYR1.11. However, falling below the MYR0.765 support may see the stock descending further below the average line.

Source: RHB Securities Research - 30 Dec 2021