KUALA LUMPUR (August 12): RHB Retail Research said CTOS Digital Bhd is set to propel towards the 5-month high after it underwent a breakout above the RM1.46 resistance-turned-support yesterday – forming a “higher high” bullish pattern.

In a trading stocks note today, the research house said that coupled with the “Bullish Marubozu” candlestick printed yesterday, the stock is prepared to climb towards RM1.58, or April 25’s high, before hitting April’s high of RM1.63, ie the next resistance level.

“If it falls below the RM1.40 support, the momentum may reverse direction as it forms a “lower low” bearish pattern and keens towards the 21-day average line,” it said.