UEM Sunrise is poised to rebound above the immediate resistance of MYR0.275, after rising and testing that level.
RHB Retail Research, in a note today (June 27), said a breakout above this level may signal an uptrend rebound, potentially driving the stock towards MYR0.31, followed by the MYR0.35 threshold.
However, if the stock price drops below the support level of MYR0.25, it would invalidate the bullish pattern and likely trigger a potential shift towards a bearish trend.
YBS International is set to reclaim the 2-month high after breaking above the immediate resistance of MYR0.635, supported by a rising trading volume.
The emergence of a fresh “higher high” bullish pattern is likely to drive the stock towards the MYR0.71 resistance or 2-month high, followed by the all-time high of MYR0.815.
However, if it drops below the support of MYR0.575 – under the short-term SMA line – the momentum may reverse and shift the trend.
