CJ Century Logistics Holdings is set to resume its uptrend movement. This is as it rebounded above its MYR0.62 consolidation phase on stronger volumes recently while maintaining above that level yesterday – which is also above the 21-day average line. If it the momentum sustains, the stock is set to propel stronger towards the MYR0.675 resistance, followed by the MYR0.695 recent high. Meanwhile, a drop below the MYR0.595 support may reverse the momentum southwards, as it forms a “lower low” bearish structure below the average line

Source: RHB Securities Research - 20 May 2022