Complete Logistic Services is set to climb towards its multi week high after it breached above the immediate resistance on strong volume yesterday. Together with a “higher high” pattern above its 21-day SMA line, the bullish bias is expected to remain above the MYR1.41 resistance-turned-support level. This may lift the stock higher towards the next hurdle of MYR1.61, followed by MYR1.77. Meanwhile, this expectation would be cancelled out if the stock falls below the MYR1.30 support level – which means below its 21-day SMA line.

Source: RHB Securities Research - 10 Jun 2021