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