HPMT Holdings is poised to climb higher, as it attempted to break through the immediate resistance of MYR0.73, but retraced during the intraday session last Friday. If the bulls re-emerge and manage to break past that level, the positive momentum should propel the stock towards its all-time high level of MYR0.76, followed by MYR0.80. Conversely, falling below the MYR0.68 support will trigger selling pressure and reverse the momentum, thereby trending downwards below the 21-day average line.

Source: RHB Securities Research - 21 Feb 2022