TechnicalPaw
Actionable Trading Ideas: Central Global Bhd (KLSE: CGB)
Support: RM0.835, RM0.850
Resistance: RM0.890, RM1.000
Our technical indicator had flagged Central Global as a potential buy due to the consistent liquidity and accumulation in action as represented by the red bars below. Currently, Central Global is standing strong on the RM0.850 level, and well above the key EMAs of 5/20/50, we foresee the stock to continue to challenge its’ other resistance level of RM0.890, and ultimate mid-term resistance of RM1.000.
We peg a trading BUY for Central Global for the time being.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
