Share Analysis
CLIQ traded below downtrend line
as it failed to penetrate previous high and currently in a correction stage prior
to its upside move. RSI shown a rebound at market bottom and currently move
upward
from oversold area. MACD also shown a positive sign as the histogram change its color from red (negative) to green (positive). Double doji candlesticks pattern in recent closing will lead to reversal or counter trend. Failure to stay above confluence of support may suggest further correction.
from oversold area. MACD also shown a positive sign as the histogram change its color from red (negative) to green (positive). Double doji candlesticks pattern in recent closing will lead to reversal or counter trend. Failure to stay above confluence of support may suggest further correction.
Trading Strategies
Traders and investors are
recommended to take advantage of the healthy correction by riding the rebound
with an upside target at resistance level depending on how long they are
willing to hold the share.
Price Projection
Short Term - Upside target RM 0.745 (Significant resistance level)
-
Cut loss RM 0.65 (below support level)
Medium Term - Upside target RM 0.85 (All time high)
-
Cut loss RM 0.65 (below support level)
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