RHB Retail Research
Trading Stocks - Censof Holdings
Censof Holdings bounced off its support, and attempted to breach the resistance point recently. It pulled back on lower volume, which pointed to weak selling pressure. A bullish bias may emerge if it crosses above the MYR0.415 immediate resistance level, before it travels further upwards towards the MYR0.45 and MYR0.50 resistance levels. If it falls below the MYR0.36 support, this anticipation may be nullified.
Source: RHB Securities Research - 21 May 2021
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