Caely set to climb towards 52-week high, says RHB Retail Research

TheEdge Tue, Dec 07, 2021 07:41am - 5 months View Original


KUALA LUMPUR (Dec 7): RHB Retail Research said Caely Holdings Bhd is set to climb towards the 52-week high following a sharp rebound while surpassing the resistance level of 43 sen on high volume yesterday – printing a “White Marubozu” bullish candlestick.

In a trading stocks note today, the research house said if the stock manages to stay above that level, a follow-through of this bullish momentum should propel the stock towards the 48 sen resistance, before possibly hitting the 52-week high level of 52 sen.

“If it falls below the 41 sen support, the momentum may be reversed,” it said.

 

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