CTOS Digital rose and touched the RM1.90 resistance level. With its RSI indicator moving upward, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.98, followed by RM2.01. The downside support is marked at RM1.79. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.90

Target: RM1.98, RM2.01 (time frame: 2-4 weeks)

Exit: RM1.79
 

Source: AmInvest Research - 6 Oct 2021