Technical Radar: Stock Eyes Breakout Toward RM2.10

Four Malaysian companies received six approvals for ARM technology, enhancing local innovation and positioning in the semiconductor market.

By Staff Writer · July 15, 2026 · 1 min read

The stock is consolidating within a Downward Channel formation following its strong May rally, with the broader uptrend intact, the stock could potentially break out of this channel soon. With the RSI above the 50 mark; a bullish MACD crossover would provide further validation. A break above RM1.90 could trigger further upside.

We expect further upside towards RM2.00 and RM2.10, while the stop-loss is set at RM1.66.

Source: Apex