APM is showing signs of resilience as it has managed to form a bullish Japanese candlestick formation called a “Hammer” close to its classical support and 50-day moving average. The MACD Histogram has also flashed a bullish signal. The Stochastic oscillator continues to inch upwards which suggests that upside momentum is building up. Be on the lookout for the immediate resistance at RM4.31 and a break above it may see an upside push to test the next resistance zone of RM4.55 to RM4.71. However a violation below the immediate support at RM4.08 may negate the bullish tone to see a correction towards that next support at RM3.72.