Oppstar is in the midst of resuming its uptrend following its recent pullback – the stock rebounded off the 21-day SMA line and tested the MYR1.46 immediate resistance on Tuesday. If it manages to break past that level, the counter should trend higher towards the recent high of MYR1.56, followed by the next resistance at MYR1.66. On the flip side, falling below the MYR1.35 support negates the bullish setup, as it would then be trading below the SMA line.

Source: RHB Securities Research - 23 May 2024