Cosmos Technology International may continue rising after it formed a long white candle and closed above RM0.48 resistance last week. As the 20-day EMA is starting to turn upwards, this likely suggests that the upward momentum is picking up further. A bullish bias may emerge above the RM0.48 level, and the bullish momentum should lift it towards the subsequent resistance levels of RM0.55, followed by RM0.58. Towards the downside, stop-loss is set at RM0.45, below the 1 Dec’s low.

Entry : RM0.48-0.51

Target : RM0.55, RM0.58

Exit : RM0.45

Source: AmInvest Research - 7 Dec 2022