Cosmos Technology International broke out from a 2-week bullish pennant pattern on Friday, implying that its previous uptrend may have resumed. The stock’s move above the RM0.47 resistance coupled with rising EMAs indicate that near term upward momentum may persist. A bullish bias may emerge above the RM0.50 level with stop-loss set at RM0.46, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.58, followed by RM0.63.

Entry : RM0.50–0.52

Target : RM0.58, RM0.63

Exit : RM0.46

Source: AmInvest Research - 13 Feb 2024