Censof Holdings is set for a technical rebound after breaking away from its immediate resistance on improved volume yesterday. Premised with a “higher low” price pattern above the 21-day SMA line, this bullish momentum is expected to remain above the MYR0.42 resistance-turned-support level. The next resistance is eyed at MYR0.46, followed by MYR0.555. If it falls below the MYR0.39 support, the stock may move downwards.

Source: RHB Securities Research - 9 Jun 2021