Rakuten Trade Research Reports

Technical View - CTOS Digital Bhd

Publish date: Thu, 30 Jun 2022, 11:36 AM
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CTOS Digital Bhd (CTOS, 5301)

• Share price closed 4.1% higher at RM1.27 on Wednesday.

• CTOS broke up from its RM1.26 resistance level with higher traded volume on Wednesday.

• Backed by upticks in its indicators and bullish MACD crossover, we believe its share price is expected to move higher.

• Resistance levels are identified at RM1.35 (R1) and RM1.38 (R2).

• On the flipside, support levels are pegged at RM1.13 (S1).

Source: Rakuten Research - 30 Jun 2022

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