CTOS Digital is poised for a robust rebound as it recently bounced off the 21-day SMA line and surpassed the immediate resistance of MYR1.42. The formation of a "White Marubozu" candlestick further supports the bullish outlook. The stock is expected to advance towards the MYR1.50 mark, followed by the next resistance of MYR1.57, which represents the 52-week high. However, if the stock price falls below the support of MYR 1.36, the momentum may reverse, potentially shifting the trend.

Source: RHB Securities Research - 22 Jun 2023