RHB Investment Research Reports

Trading Stocks - Cnergenz

rhbinvest
Publish date: Fri, 16 Feb 2024, 09:33 AM
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Cnergenz is set for an uptrend reversal after rebounding above the 21-day SMA line, and surpassing the MYR0.605 immediate resistance level yesterday. If it manages to sustain above that level, the bulls may drive the stock towards the MYR0.64 immediate resistance, followed by the next resistance at MYR0.71. Conversely, a decline below the MYR0.56 support would negate the bullish setup.

Source: RHB Securities Research - 16 Feb 2024

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