CPE Technology’s price is eyeing to extend its bullish trajectory after breaking past the key resistance. The counter’s price has climbed above the MYR1.03 resistance on strong volume and printed a Bullish Marubozu candlestick. Riding on the momentum, the stock’s price will test the next resistance levels at MYR1.08 and MYR1.12. However, a fall below the MYR0.975 support invalidates the bullish setup.
Source: RHB Securities Research - 19 Feb 2024
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Created by rhbinvest | Nov 07, 2024