Rakuten Trade Research Reports
Technical View - Cengild Medical Berhad
rakutentrade
Publish date: Mon, 30 Jan 2023, 11:06 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
Cengild Medical Berhad (CENGILD, 0243)
• Share price closed 3.09% higher at RM0.50 on Friday.
• CENGILD broke out from its resistance level of RM0.485 last Friday with high buying interests. It has formed a higher low support at RM0.465 and it is now moving upward to trade above its MA 20 line. Coupled with bullish indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM0.0.555 (R1) and RM0.58 (R2).
• On the flipside, support levels are pegged at RM0.465 (S1) and RM0.455 (S2).
Source: Rakuten Research - 30 Jan 2023
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