RHB Investment Research Reports
Trading Stocks - Cnergenz
rhbinvest
Publish date: Fri, 16 Feb 2024, 09:33 AM
rhbinvest
0 3,568
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
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Kuala Lumpur
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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
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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