CLEBI Stock Analysis Commentary

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CLEBI Stock Analysis Commentary

Daily technical indicators are positive. The stock is trying to stay above its 21-day moving average (1546). As of this post, we observe positive price movements above the 1554 support level. Volatility has also increased compared to the previous week. Closing the small price gap around the 1600 level could occur in the short term. If the stock manages to remain above the 21-day moving average, resistances at 1652 and higher levels will be the next to watch. With indicators remaining positive, the probability of seeing further upward movement in the stock has increased.

Resistance Levels: 1554 – (1600) – 1652 – 1686 – 1748
Support Levels: 1497 – 1454 – 1430

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