Deleum may trend higher after it took out the 3-month downtrend line and left an upside gap 2 sessions ago. As the 20-day and 50-day EMAs are converging now and likely to confirm a bullish crossover soon, the current upward momentum may continue in the near term. A bullish bias may emerge above the RM1.29 level with stop-loss set at RM1.18, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.50, followed by RM1.60.

Entry : RM1.29–1.34 

Target : RM1.50, RM1.60

 Exit : RM1.18