DS Sigma is attempting to stage a bullish breakout after testing the immediate resistance with strong volume. The 21-day SMA line is moving upwards, showing that the short-term trend is bullish. Meanwhile, the stock has been consolidating sideways below the MYR0.41 resistance. If a breakout happens, the stock will climb in a “higher high” pattern towards the next resistance at MYR0.44, followed by MYR0.48. On the downside, a fall below the MYR0.37 support level would resume the correction phase.
 

Source: RHB Securities Research - 1 Jul 2024