KLSE (MYR): CITAGLB (7245)
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Last Price
0.895
Today's Change
-0.005 (0.56%)
Day's Change
0.89 - 0.895
Trading Volume
19,000
2024-11-22
2024-11-22
2024-11-22
2024-11-18
2024-11-18
2024-11-15
Rio2814
1,942 posts
Posted by Rio2814 > 2023-11-06 18:48 | Report Abuse
Look at the stock chart
The share price of CITAGLB (7245, main board industrial stock) fell from a high level of RM1.95 to RM1.22 in early 2023, but the rate of decline in the share price has slowed down relatively and has entered a period of consolidation. As the head of state continues to increase his holdings of Zida Global's stock, the stock has recently attracted buying interest again. The stock price broke through its consolidation pattern and gradually rose, forming a rounding bottom pattern. A round bottom is usually considered a positive sign because it indicates that market sentiment may have shifted from pessimism to optimism. This trend may indicate that market participants are optimistic about the stock's prospects, and therefore the stock price is expected to rise. But is this actually the case?
Resistance = RM1.95, RM2.50
Support level = RM1.52, RM1.42