CSC Steel Holdings Malaysia is eyeing a technical breakout as it attempted to move higher yesterday before retracing from the intraday high to close at the opening level. If the bullish momentum re-emerges and breaches above the MYR1.78 immediate resistance level, the stock may propel further towards the MYR1.84 resistance, followed by the next resistance at MYR1.95. Meanwhile, a drop below the MYR1.68 support may trigger the resumption of a downward correction, below the average line.

Source: RHB Securities Research - 29 Apr 2022