• CGB rose 11.8% or 23 sen to RM2.18 yesterday.
• CGB formed a bullish breakout with positive candle yesterday accompanied by higher trading volume. Share price is on a gradual rebound since hitting recent low of RM1.71 and with the rising momentum as suggested by RSI, we expect the upward strength to persist.
• Resistance levels are at RM2.30 (R1) and next at RM2.54 (R2).
• Conversely, support levels are seen at RM1.92 (S1) and RM1.80 (S2).
Source: Rakuten Research - 10 Jun 2021
Created by rakutentrade | Nov 22, 2024