KUALA LUMPUR (Nov 9): RHB Retail Research said Cepatwawasan Group Bhd is eyeing for a breakout amid the recent sideways movement as it closed near the 73 sen immediate resistance on Tuesday (Nov 8) — firming up its “higher low” bullish structure above the 21-day average line.

In a trading stocks note on Wednesday, the research house said that if a breakout happens above that level, the stock will likely climb further towards the 76.5 sen resistance, or Aug 1’s high, followed by the historical four-month high at 81.5 sen.

“Conversely, the bullish momentum may reverse if it falls below the 69.5 sen support, forming a 'lower low' bearish structure below the average line,” it said.