RHB Retail Research

Trading Stocks - CJ Century Logistics Holdings

Publish date: Thu, 27 Jan 2022, 04:56 PM
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RHB Retail Research

CJ Century Logistics Holdings is set to propel towards a 52- week high, as it bounced off the recent breakout level of MYR0.585 with the formation of a long white candlestick – coupled with strong volume. If it manages to sustain above that level, the bulls could drive the stock towards the next resistance of MYR0.65, followed by MYR0.675, or the 52-week high. However, the momentum may lose steam if it falls below the MYR0.565 support – below the 21-day average line.

Source: RHB Securities Research - 27 Jan 2022

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