CSC Steel Holdings may trend higher after it surged to a new 52-week high and closed above the RM1.25 resistance yesterday. The stock also posted three white candles in a row, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM1.25 level, with a stop-loss set at RM1.16, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.40, followed by RM1.50.

Entry : RM1.25–1.30

Target : RM1.40, RM1.50

Exit : RM1.16

Source: AmInvest Research - 6 Sept 2023