CEKD rose and tested the RM0.705 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.74, followed by RM0.765. The downside support is marked at RM0.665. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.705
Target: RM0.74, RM0.765 (time frame: 2-4 weeks)
Exit: RM0.665
Source: AmInvest Research - 15 Feb 2022
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Created by AmInvest | Nov 21, 2024