AmInvest Research Reports

Stocks on Radar - Cnergenz

AmInvest
Publish date: Wed, 22 Jun 2022, 09:48 AM
AmInvest
0 6,348
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Cnergenz formed a third consecutive white candle yesterday, which likely indicates the return of buying interest. As the stock has recovered above its RM0.60 threshold and coupled with the bullish hammer pattern formed on 20 June, the stock looks positive in the near term. A bullish bias may emerge above the RM0.60 level, with a stop-loss set at RM0.55, below the hammer pattern support. Towards the upside, the near-term resistance level is seen at RM0.67, followed by RM0.71.

Entry : RM0.60–0.615

Target : RM0.67, RM0.71

Exit : RM0.55

 

Source: AmInvest Research - 22 Jun 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment