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$CEKD / 0238 (CEKD BERHAD) - Turning Resistance to support

CEKD price was trading at short-term downtrend, as of yesterday the price has breakout of the descending triangle with volume and settled above RM 0.705 level. As it is trading at 20-EMA now, it is important for the price to sustain at this level.

Overall, today closing at RM 0.725 seems to be a good level as it remain above the new support line. Might see the price to range in this new channel before moving further up.

Resistance: RM 0.76, RM 0.785

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