Actionable Trading Ideas: Central Global Bhd (KLSE: CGB)

Our technical indicator had flagged Central Global as a potential buy due to the consistent liquidity and accumulation in action as represented by the red bars below. Currently, Central Global is standing strong on the RM0.850 level, and well above the key EMAs of 5/20/50, we foresee the stock to continue to challenge its’ other resistance level of RM0.890, and ultimate mid-term resistance of RM1.000.

We peg a trading BUY for Central Global for the time being.