Rakuten Trade Research Reports
Technical View - CJ Century Logistics Holdings Bhd
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Publish date: Tue, 25 Jan 2022, 11:49 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
CJ Century Logistics Holdings Bhd (CJCEN, 7117)
• Share price closed 5.3% higher at RM0.595 on Monday.
• CJCEN broke out from its consolidation phase yesterday with higher volume to form a bullish engulfing candlestick. It also closed above all its key moving averages.
• Backed by upticks in its indicators and uptrend movement, CJCEN is poised to move higher.
• Resistance levels are identified at RM0.620 (R1) and RM0.675 (R2).
• On the flipside, support levels are pegged at RM0.565 (S1) and RM0.545 (S2).
Source: Rakuten Research - 25 Jan 2022
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