Pekat Group is set for an uptrend rebound after recently rebounding strongly and surpassing the MYR0.45 mark while consolidating above this level yesterday.
RHB Retail Research in a note today (Mar 20) said coupled with the price being above the ascending 21-day SMA line, the bullish momentum may persist, allowing the stock to head towards the MYR0.50 resistance, followed by the MYR0.52 next resistance.
On the flip side, falling below the MYR0.425 nullifies the bullish bias.
Cosmos Technology International is set to resume its uptrend after recently experiencing a technical rebound above the MYR0.50 level while consolidating near this mark yesterday.
The bullish momentum above that threshold may see the stock climb higher towards the MYR0.54 recent high, followed by the next resistance at MYR0.57, ie the 52-week high.
Conversely, breaching below the MYR0.45 support increases the risk of downtrend reversals.
