Cuscapi Bhd (CUSCAPI, 0051)

• Share price closed 3.57% higher at RM0.29 on Friday.

• CUSCAPI is forming a bullish engulfing candlestick and a cup and handle pattern. It is also trading above all its key moving averages.

• Coupled with upticks in its indicators and MACD bullish crossover, share price is poised to move higher.

• Resistance levels are identified at RM0.300 (R1) and RM0.320 (R2).

• On the flipside, support levels are pegged at RM0.270 (S1) and RM0.245 (S2).

Source: Rakuten Research - 20 Dec 2021