Censof Holdings is attempting to stage a rebound after it tested the resistance level yesterday. Coupled with the stock tracking above the 21-day SMA line, a positive bias is expected to appear when it crosses above the MYR0.48 immediate resistance level. If this happens, the momentum may propel it towards the next hurdle at MYR0.525, followed by MYR0.545. Meanwhile, falling below the MYR0.445 support level will cancel this expectation.

Source: RHB Securities Research - 2 Jul 2021