RHB Retail Research

Trading Stocks - CEKD

Publish date: Tue, 15 Feb 2022, 09:44 AM
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RHB Retail Research

CEKD is poised to propel higher, as it attempted to breach the immediate resistance of MYR0.71 yesterday – printing a bullish candlestick with an upper shadow. If a breakout happens above that level, we expect the stock to scale north further towards the MYR0.79 resistance, followed by the MYR0.815 threshold. In the event it drops below the MYR0.665 support, the stock may resume its downtrend, beneath the 21-day average line.

Source: RHB Securities Research - 15 Feb 2022

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