Rakuten Trade Research Reports
Technical View - Central Global Bhd
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Publish date: Thu, 10 Jun 2021, 11:05 AM
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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
Central Global Bhd (CGB, 8052)
• 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
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