CTOS Digital appears poised to move past the consolidation phase after testing the MYR1.45 immediate resistance over the past three sessions, with stronger trading volume observed yesterday. If a breakout above this resistance occurs – ultimately forming a “higher high” bullish structure above the 21- day SMA line – the stock's price may test the MYR1.56 resistance or the YTD high. This is followed by the MYR1.76 next resistance. On the downside, a breach below the MYR1.38 support will negate the bullish setup, forming a "lower low" bearish pattern that trends downwards.

Source: RHB Securities Research - 31 Oct 2023