Critical Holdings Bhd (CHB, 0291)

• CHB may extend it upward trajectory after surging to a new all-time high and broke out from itsthree-month ascending triangle pattern yesterday. In view of the stock posting 7 consecutive white candles coupled with the 20-days EMA started to point upwards, it may see additional strength in the coming sessions.

• We expect the rising momentum to steer the stock higher and test the next level of resistance ofRM0.76 (R1), followed by RM0.80 (R2).

• On the downside, stop-loss is set at RM0.63, below the 50 days EMA.
  
  

Source: Rakuten Research - 13 Mar 2024

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