CTOS Digital may trend higher after it broke above the RM1.50 resistance and hit its 9-month high a few sessions ago. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early Dec22, the uptrend may persist in the near term. A bullish bias may emerge above the RM1.50 level, with a stop-loss set at RM1.38, below the 6 Jan low. Towards the upside, the near-term resistance level is seen at RM1.63, followed by RM1.80.

Entry : RM1.50–1.54

Target : RM1.63, RM1.80

Exit : RM1.38

Source: AmInvest Research - 2 Feb 2023