CJ Century Logistics broke out from its 7-week bullish triangle pattern yesterday, implying that its previous uptrend may have resumed. With the stock posting another white candle and pushing near its 52-week high, the bullish momentum may be present now. A bullish bias may emerge above the RM0.65 level, with a stop-loss set at RM0.61, below 30 May’s low. Towards the upside, the near-term resistance level is seen at RM0.70, followed by RM0.75.

Entry : RM0.65–0.665

Target : RM0.70, RM0.75

Exit : RM0.61

Source: AmInvest Research - 2 Jun 2022