RHB Investment Research Reports
Trading Stocks - CEKD
rhbinvest
Publish date: Fri, 02 Feb 2024, 11:50 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
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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
CEKD is set for an uptrend rebound after it bounced off the 21- day SMA line and breached the immediate resistance of MYR0.49 on a surge in trading volume. In the coming sessions, the bulls are likely to propel the stock towards the recent high of MYR0.515, followed by MYR0.535. If it falls below the support of MYR0.465, this would spark the beginning of a correction.
Source: RHB Securities Research - 2 Feb 2024
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