Infomina is set for a technical rebound, as it breached above the immediate resistance of MYR1.46 recently and stayed above that level until yesterday – which also puts it above the 21-day SMA line.
RHB Retail Research, in a note today, said the bullish bias above that level is expected to propel the stock towards MYR1.55, followed by MYR1.75.
On the other hand, dropping below the MYR1.38 support will nullify this expectation.
Yinson Holdings is prepared to resume its uptrend as it climbed above the MYR2.61 immediate resistance, on the back of stronger trading volume.
Riding on the “higher high” bullish pattern, the stock is set to propel towards the MYR2.77 YTD high, followed by the next resistance of MYR2.90.
Towards the downside, falling below the MYR2.50 support will negate the bullish structure.
