Cepatwawasan Group is resuming the upside movement after breaking past the resistance on strong volume. The stock managed to climb away from the MYR0.76 resistance to form a bullish candlestick. We observed the trading volume has increased in tandem with the higher share price, showing strong bullish momentum is underway. The stock should climb further towards MYR0.79, followed by MYR0.82. On the other hand, falling below the MYR0.74 support would open the door for downward movement.

Source: RHB Securities Research - 7 Mar 2024