CJCEN BREAKOUT 52 Weeks New High With High Volume

DAILY 15/2/2021 :

Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 8x times
Trading Breakout Value : Rm9,744,580

WEEKLY 15/2/2021 :

Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema 5 > Ema20 > Ema50 > Ema200
Breakout Volume : 8x times
Trading Breakout Value : Rm1.5Million

Kommentar:

CJCEN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.51 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.