Cosmos Technology International is set to resume its uptrend after recently experiencing a technical rebound above the MYR0.50 level while consolidating near this mark yesterday. The bullish momentum above that threshold may see the stock climb higher towards the MYR0.54 recent high, followed by the next resistance at MYR0.57, ie the 52-week high. Conversely, breaching below the MYR0.45 support increases the risk of downtrend reversals.

Source: RHB Securities Research - 20 Mar 2024