Yesterday, CWORKS surged 2.5 sen (+8.9%) to settle at RM0.305 with a surge in trading volume. From the technical perspective, its share price has broken out from its multi-month downtrend resistance at RM0.28 with MACD seen staging a positive crossover the Signal line, signalling bullishness in the stock. Buying momentum is also piling up with both Stochastic and RSI indicators seen hooking upwards. Overall, the technical picture looks positive for CWORKS and it could test RM0.33 (RI) and possibly RM0.37 next should buying interest persist.

 

 

Source: Kenanga