RHB Investment Research Reports
Trading Stocks - CEKD
rhbinvest
Publish date: Wed, 28 Feb 2024, 09:59 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
Fax : +(60) 3 9200 2216
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 poised to trend higher after bouncing off the 21-day SMA line in an attempt to break past the MYR0.515 immediate resistance level. If it manages to surpass this level, the bullish bias may propel the stock higher towards the MYR0.55 resistance level, followed by the next one at MYR0.62. However, a fall below the MYR0.48 support level would kick off a downtrend.
Source: RHB Securities Research - 28 Feb 2024
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