RHB Investment Research Reports
Trading Stocks - CPE Technology
rhbinvest
Publish date: Wed, 27 Mar 2024, 06:07 PM
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 is set to propel higher after demonstrating a breakout yesterday, surpassing the MYR1.08 immediate resistance. If the breakout sustains, the stock may climb higher towards the all-time high of MYR1.14 before potentially hitting the MYR1.20 mark. On the contrary, a breach below the MYR1.03 support increases the risk of a downtrend reversal, as it falls beneath the SMA line.
Source: RHB Securities Research - 27 Mar 2024
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