Censof set to resume uptrend, says RHB Retail Research

TheEdge Tue, Jun 11, 2024 08:13am - 1 week View Original


KUALA LUMPUR (June 11): RHB Retail Research said Censof Holdings Bhd (KL:CENSOF) is set to resume its uptrend after experiencing a technical breakout above the immediate resistance level at 31.5 sen, on improved volume.

In a trading stocks note Tuesday, the research house said the bullish momentum is likely to persist, driving the counter towards the recent high of 34 sen, followed by the next resistance level at 38 sen.

“However, a fall below the 28.5 sen support level would negate the bullish setup, as the counter would then be trading below the 21-day simple moving average line,” it said.

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All this so call banker their professions is” telling stories through pictures” . 看图说故事

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