Stock Picks Of The Day — CTOS Digital, MESB

CTOS Digital is eyeing to extend the upside movement after testing the immediate resistance.

RHB Retail Research (RHB) in a note today said (June 26) the stock has charted a series of “higher highs” with “higher lows”, showing that the bullish momentum is strong.

The 21-day SMA line is now pointing upwards, echoing that the short-term trend is bullish.

In the event the counter breaks past the MYR1.50 resistance, it will climb towards MYR1.57, followed by the MYR1.65 level.

On the downside, falling below the MYR1.40 support kicks off the correction phase.

MESB is posing a bullish setup after climbing above a key resistance.

The counter has closed above the MYR0.58 resistance – confirming the bullish setup – while the 21-day SMA
line is trending upwards.

Meanwhile, trading volume has been increasing in tandem with the share price, indicating a strong
bullish momentum is underway.

The stock is eyeing to test the next resistance at MYR0.64, followed by the MYR0.70 level.

On the other hand, falling below the MYR0.53 support negates the bullish setup.

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