CNI(5104) share price closed at 2 years high on Friday !
What cause the rise in share price ?
CNI is one
of the leading direct selling companies in Malaysia, selling Over 200
products under 5 categories namely nutritional & health, personal
care & cosmetics, food & beverage, auto care and lastly,
household, are available to provide complete solutions to meet its
consumers’ daily lifestyle requirements and health concerns.
Outbreak of Coronavirus cause the demand for nutritional & health increase alots. As the situation getting worsen, the demand will keep increase.
CNI
closed at 9sen on Friday. Immediate resistance will be 9.5sen. Once the
resistance break, it expect will moving toward the target price at
15sen. Now it is forming "W" pattern.
A double bottom pattern is a technical analysis charting pattern that
describes a change in trend and a momentum reversal from prior leading
price action. ... The double bottom looks like the letter "W". The twice-touched low is considered a support level.
*** Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _ Disclaimer: Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative. You are responsible for your own risk management Do Your Own Due Diligence ***
https://klse.i3investor.com/blogs/Dmoney/2020-02-09-story-h1483732842-CNI_5104_Closed_2_Years_High.jsp
