RHB Investment Research Reports
Trading Stocks - Cnergenz
rhbinvest
Publish date: Thu, 04 Aug 2022, 09:42 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Cnergenz is set to resume its uptrend movement as it broke above the MYR0.625 immediate resistance yesterday, following the recent pullback. Coupled with strong trading volume, the bullish bias above the level is expected to propel the stock towards MYR0.68, or 31 May’s high, followed by its historical high at MYR0.71. However, the stock may reverse if it falls below the MYR0.585 support – as it may form a “lower low” bearish pattern.
Source: RHB Securities Research - 4 Aug 2022
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