RHB Retail Research
Trading Stocks - Cepatwawasan Group
Cepatwawasan may rebound further after it tested MYR0.58 support in its latest session. Given that it has formed a long white candle above the rising 21-day SMA line, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.60 level, with an exit set below the MYR0.58 threshold. Towards the upside, the immediate resistance is at the MYR0.655 level, followed by the MYR0.70 threshold.
Source: RHB Securities Research - 10 Dec 2019
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