CTOS Digital
CTOS Digital, according to RHB Research’s technical analysis report (September 12) is poised to jump upwards as it bounced off the 21-day average line to test the consolidation level of MYR1.47 last Friday – coupled with strong volume. If a breakout happens above that level, the stock may propel further towards the MYR1.60 level, followed by MYR1.70, which was the high of 21 Feb. However, the counter may reverse direction if it falls below the MYR1.40 support, as it trades below the sideways consolidation phase and also below the average line.
GUH Holdings
This counter is set to propel upwards as it bounced off strongly above the recent breakout level of MYR0.49 last Friday
on stronger trading volume – firming up its recent “higher high” bullish structure. The bullish bias above that level may drive the counter higher towards MYR0.565, or 8 Apr’s high. This is followed by MYR0.59, ie 10 Feb’s high. If it falls below the
MYR0.44 support, the momentum may reverse direction, as it forms a “lower low” bearish pattern below the average line
