KUALA LUMPUR (June 26): RHB Retail Research said CTOS Digital Bhd (KL:CTOS) is eyeing to extend the upside movement after testing the immediate resistance.

In a trading stocks note on Wednesday, the research house said the stock had charted a series of “higher highs” with “higher lows”, showing that the bullish momentum is strong.

“The 21-day simple moving average line is now pointing upwards, echoing that the short-term trend is bullish.

“In the event the counter breaks past the RM1.50 resistance, it will climb towards RM1.57, followed by the RM1.65 level.

“On the downside, falling below the RM1.40 support would kick off the correction phase,” RHB said.