My E.G Services is set to rebound upwards following a recent consolidation, as it breached the immediate resistance of MYR1.00 – printing a “White Marubozu” candlestick, on strong volume. If it stays above that level, the bulls may continue pushing towards the MYR1.10 resistance, followed by MYR1.15 or Nov 2021’s high. However, the momentum may lose steam if it falls below the MYR0.97 support, as it may form a “lower low” bearish pattern.

Source: RHB Securities Research - 9 Feb 2022