Mestron Holdings set for a positive rebound after breaking above the MYR0.325 resistance level yesterday – printing a “White Marubozu” bullish candlestick on strong volume. We expect the bulls to remain in control, to lift the stock towards the immediate resistance of MYR0.35, followed by MYR0.385 – its all-time high. Conversely, falling below the immediate support of MYR0.31 may trigger the resumption of a downward correction – forming a “lower low” bearish pattern.

Source: RHB Securities Research - 22 Feb 2022