MN Holdings is eyeing to resume the upside movement, testing the immediate resistance with high volume. We observed the counter printing a bullish candlestick with high volume, indicating the bullish momentum is picking up pace again. In the event it surpasses the MYR0.925 resistance, expect a followthrough price action to test MYR0.98, followed by MYR1.04. On the other hand, falling below the MYR0.845 support will resume the correction phase.

Source: RHB Securities Research - 8 Aug 2024