Cosmos Technology International has confirmed a bullish setup after breaking past a key resistance on strong volume. The counter has climbed above the MYR0.53 resistance – signalling the consolidation phase is over. Riding on this strong bullish momentum, expect a follow-through price action to test the next resistance at MYR0.57, followed by MYR0.645. On the other hand, breaching below the MYR0.485 support will resume the correction phase.
Source: RHB Securities Research - 16 Apr 2024
Created by rhbinvest | Aug 30, 2024