Cuscapi is set to continue its uptrend movement after it bounced off the immediate support (previous breakout level) on high volume recently. Coupled with a “higher low” price pattern above the 21-day SMA line, the bullish momentum should continue above the MYR0.255 support level to propel it towards the next resistance at MYR0.30, followed by MYR0.34. If it breaches below the MYR0.225 support level, this anticipation would be cancelled.

Source: RHB Securities Research - 10 Jun 2021