AYS Ventures is poised to climb higher, as it bounced off the support while attempting to hit the immediate resistance of MYR0.70 yesterday. If the breakout happens above that level, the positive momentum should propel the stock towards the recent high level of MYR0.74, and then MYR0.80. Conversely, falling below the MYR0.645 support will trigger selling pressure and reverse the momentum, thereby causing the forming of a “lower low” bearish pattern.

Source: RHB Securities Research - 23 Feb 2022