CTOS Digital is set for an uptrend reversal after experiencing a technical breakout above the MYR1.47 immediate resistance, supported by strong trading volume. If the breakout above this level sustains, the stock may trend higher towards the MYR1.56 resistance level, followed by the next one at MYR1.76. However, a fall below the MYR1.38 support level would invalidate the bullish setup, as the stock would be trading below the 21-day SMA line.
Source: RHB Securities Research - 6 Feb 2024
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