MTAG is poised to scale higher after it underwent a bullish breakout, and pushed past the resistance point of MYR0.48. It went through a correction when it was trending below the 21- day SMA line. Crossing above the moving average line would indicate that a bullish bias has emerged. The bullish momentum should propel it towards MYR0.51, followed by MYR0.54. On the flip side, falling below the MYR0.45 support will negate the positive expectation and spark the start of a correction phase.

Source: RHB Securities Research - 27 Oct 2022