Astro Malaysia Holdings could move past the consolidation level of MYR1.00, as it bounced off the 21-day average line yesterday – coupled with high trading volume. If the breakout happens above the consolidation level, the bulls may drive the stock towards the MYR1.05 resistance, followed by the next resistance level of MYR1.13. In the event it drops below the MYR0.95 support, the bullish momentum may lose steam and cause the stock to head south.

Source: RHB Securities Research - 22 Feb 2022