RHB Investment Research Reports
Trading Stocks - CPE Technology
rhbinvest
Publish date: Mon, 19 Feb 2024, 09:30 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
CPE Technology’s price is eyeing to extend its bullish trajectory after breaking past the key resistance. The counter’s price has climbed above the MYR1.03 resistance on strong volume and printed a Bullish Marubozu candlestick. Riding on the momentum, the stock’s price will test the next resistance levels at MYR1.08 and MYR1.12. However, a fall below the MYR0.975 support invalidates the bullish setup.
Source: RHB Securities Research - 19 Feb 2024
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