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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 15 Oct 2021, 9:57 AM

 

Stocks on Radar - Cepatwawasan Group (8982)

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Cepatwawasan Group climbed and tested the RM0.70 resistance level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.725 and RM0.735. The downside support is projected at RM0.67. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.70

Target: RM0.725, RM0.735 (time frame: 2-4 weeks)

Exit: RM0.67
 

Source: AmInvest Research - 15 Sept 2021

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Labels: CEPAT

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Chart Stock Name Last Change Volume 
CEPAT 0.76 +0.005 (0.66%) 335,700 

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