Cuscapi is eyeing to extend the upside movement after staging a bullish breakout. The counter has printed a fresh bullish candlestick and closed above the MYR0.24 resistance, showing the bullish setup is in play. The trading volume has been increasing in tandem with the share price, showing strong momentum is underway. Riding on the momentum, the stock may climb towards MYR0.275, followed by the MYR0.30 mark. On the downside, if it falls below the MYR0.215 support, this will open the door for correction.

Source: RHB Securities Research - 15 Jan 2025