CTOS Digital consolidated and tested the RM1.97 resistance level. With its higher low candle stick pattern, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM2.06 and RM2.10. The downside support is projected at RM1.86. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.97

Target: RM2.06, RM2.10 (time frame: 2-4 weeks)

Exit: RM1.86
 

Source: AmInvest Research - 22 Nov 2021