RHB Investment Research Reports

Trading Stocks - Crescendo Corp

rhbinvest
Publish date: Wed, 24 Jul 2024, 11:08 AM
rhbinvest
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Crescendo Corp is poised to resume the upside movement after staging a bullish breakout. The counter jumped above the MYR3.88 resistance on the back of strong volume, showing that the bullish momentum is now increasing speed. Riding on the renewed momentum, the stock is eyeing to test the next resistance at MYR4.25, followed by the MYR4.50 level. However, a breach below the MYR3.60 support will negate the bullish setup.

Source: RHB Securities Research - 24 Jul 2024

CRESNDO (6718)
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