Caely Holdings Bhd (CAELY, 7154)

• Share price closed 4.3% higher at RM0.36 on Wednesday.

• CAELY experienced higher buying interest in the second trading session yesterday to close above its MA200 after the few days of correction. It also starts to form a MACD bullish crossover in its MACD indicator.

• Backed by the upticks in its indicators, CAELY is poised to move higher.

• Resistance levels are identified at RM0.390 (R1) and RM0.430 (R2).

• On the flipside, support levels are pegged at RM0.345 (S1) and RM0.330 (S2).

Source: Rakuten Research - 6 Jan 2022