Gabungan AQRS is set to rebound from a recent pullback, as it bounced off the 21-day SMA line and pushed past the immediate resistance of MYR0.315 yesterday, forming a “higher high” bullish pattern.
RHB Retail Research, in a note today (March 30), said If the breakout is sustained, the bulls may propel the stock towards the recent high of MYR0.35, followed by the MYR0.40 mark.
However, if the stock falls below the support of MYR0.28, forming a “lower low” bearish pattern, it would negate our expectations.
Infomina may be heading for a major breakout, as it rebounded from the recent low and tested the immediate resistance of MYR1.50 yesterday.
If a breakout happens, the stock may head towards the all-time high of MYR1.56, before possibly marking a new pinnacle at MYR1.60.
However, if it drops below the MYR1.41 support, the momentum may be reversed and result in the formation of a “lower low” bearish pattern.
