Tomypak Holdings is poised to resume its uptrend reversal as it attempted to move past the the immediate resistance of MYR0.43 on high volume yesterday. If the stock breaches the immediate resistance, it may travel towards the next resistance of MYR0.50, followed by MYR0.55. Meanwhile, a fall below the next support level of MYR0.395 may trigger the resumption of a downward correction, below the average line.
Source: RHB Securities Research - 31 Mar 2022