Rakuten Trade Research Reports
Technical View - CJ Century Logistics Holdings Bhd
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Publish date: Thu, 04 Feb 2021, 06:18 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
CJ Century Logistics Holdings Bhd (7117)
• CJCEN rose 4.5% or 2 sen to RM0.465 yesterday.
• Yesterday’s move sent CJCEN to form a breakout accompanied by higher trading volume, indicating the stock is gaining strength of buying interest. With the key momentum indicators pointing upwards, buying activity is likely to persist and thus driving share price to higher level.
• As such, resistance levels are seen at RM0.51 (R1) and further to RM0.54 (R2).
• On the downside, support levels are projected at RM0.425 (S1) and RM0.405 (S2).
Source: Rakuten Research - 4 Feb 2021
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