RHB Retail Research

Trading Stocks - Cuscapi

Publish date: Thu, 03 Mar 2022, 09:29 AM
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RHB Retail Research

Cuscapi is set to reclaim its 52-week high, as it rebounded higher yesterday and breached the immediate resistance of MYR0.435 on strong volume. Coupled with a “White Marubozu” bullish candlestick printed yesterday, the bulls are expected to propel it towards MYR0.49 – its 52-week high. This is followed by its all-time high of MYR0.665. Conversely, falling below the MYR0.385 support should trigger selling pressure below the 21- day average line.

Source: RHB Securities Research - 3 Mar 2022

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