CJ Century Logistics Holdings Bhd (CJCEN, 7117)

• Share price closed 1.69% lower at RM0.58 on Wednesday.

• CJCEN is trading at its uptrend line which acts as its support level. All its moving averages are trending upward.

• Backed by outstanding quarterly result announcement, the share price is poised to move higher.

• Resistance levels are identified at RM0.625 (R1) and RM0.675 (R2).

• On the flipside, support levels are pegged at RM0.57 (S1) and RM0.54 (S2).

Source: Rakuten Research - 25 Nov 2021