Cepatwawasan Group is set to resume its uptrend movement following the recent pullback, as it bounced off strongly from the 21-day average line, breaking above the MYR1.06 resistance – Tuesday’s high. If buying pressure persists above that level, the stock may propel further towards MYR1.22, or the 52-week high, before reaching the next threshold at MYR1.30. Conversely, falling below the MYR0.98 support should trigger selling pressure, printing a “lower low” bearish pattern.

Source: RHB Securities Research - 10 Mar 2022