CTOS Digital is poised to resume its uptrend above the 21-day average line as it attempted to surpass the the immediate resistance of MYR1.44 last Friday for two consecutive sessions with strong trading volume. The strong bullish pressure is expected to re-emerge if it manages to push above the MYR1.44 level. With that, the bulls should head the stock towards the resistance point of MYR1.50 ie the 3-month high, followed by MYR1.60 or the high of 5 Apr. The momentum may reverse direction if it drops below MYR1.37 – forming a “lower low” bearish pattern, below the average line.
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