Central Global expected to resume uptrend trajectory, says RHB Retail Research

Central Global expected to resume uptrend trajectory, says RHB Retail Research
-A +A

KUALA LUMPUR (June 11): RHB Retail Research said Central Global Bhd is expected to resume its uptrend trajectory towards a multi-year high after it broke above its sideways consolidation recently.

In a trading stocks note today, the research house said that soupled with a “higher high” pattern above the 21-day SMA line, the bullish momentum should continue above the RM2.03 support level to propel it towards the next resistance at RM2.40, followed by the RM2.54 multi-year high.

“If it breaches below the RM1.82 support level, this anticipation would be cancelled, “ it said.