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