Censof Holdings is set to resume its uptrend after experiencing a technical breakout above the immediate resistance level at MYR0.315 on improved volume. The bullish momentum is likely to persist, driving the counter towards the recent high of MYR0.34, followed by the next resistance level at MYR0.38. However, a fall below the MYR0.285 support level would negate the bullish setup, as the counter would then be trading below the 21-day SMA line.

Source: RHB Securities Research - 11 Jun 2024