Pertama Digital is in the process of consolidating sideways following the recent pullback, while sustaining above the 21-day average line – developing a “higher low” bullish structure. If it manages to surpass the immediate resistance of MYR0.875, the stock is likely to reclaim its recent high of MYR0.925, before possibly hitting the psychological level of MYR1.00. Conversely, falling below the MYR0.81 support will trigger selling pressure and reverse the momentum – below the 21-day SMA line.

Source: RHB Securities Research - 28 Feb 2022