CEKD is poised to resume its uptrend reversal as it attempted to move past the MYR0.60 threshold yesterday on improved volume. If it manages to break above that resistance, the bullish bias would drive the stock towards hitting the next resistance of MYR0.625, before propelling towards MYR0.665, ie 13 Sep’s high. Conversely, the counter may reverse its direction if it falls below the MYR0.575 support, forming a “lower low” bearish structure.
Source: RHB Securities Research - 8 Feb 2023
Chart | Stock Name | Last | Change | Volume |
---|