Cepatwawasan Group is eyeing the 52-week high after it breached the resistance of MYR0.695 on the back of stronger trading volume – forming a long white candlestick. If it sustains above the breakout level, the buying momentum may propel the stock towards the 52-week high of MYR0.76, followed by the MYR0.79 multi-year high. Meanwhile, falling below the MYR0.67 support – beneath the 21-day SMA line – would see the direction move downwards.

Source: RHB Securities Research - 9 Sept 2021