Possible for trend reversal. CORAZA is potentially staging a breakaway fromits downtrend, with anticipation of continuous improvement in both momentumand trend in the near term. Should immediate resistance level of RM0.435 bebroken with renewed buying interest, it may continue to lift price higher tosubsequent resistance level of RM0.450.
However, failure to hold on to support level of RM0.390 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 24 Oct 2024
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