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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 19 Feb 2019, 10:13 AM

 

Carimin - Technical Sell

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Target Price RM0.500

Last closing price RM0.600

Potential downside -16.6%

  • Upside may be capped. CARIMIN’s share price is forming a rounding top, signifying possible halt in prior surging rally. Weakening RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term. Should support level of RM0.560 be broken, it may continue to drive price lower to subsequent support level of RM0.500. Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling.

Source: PublicInvest Research - 15 Jan 2019

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Labels: CARIMIN

Related Stocks

Chart Stock Name Last Change Volume 
CARIMIN 0.805 -0.015 (1.83%) 2,631,900 

  Be the first to like this.
 
paperplane Technical lools like fool now
30/01/2019 07:55
Huat1 It's a joke.... go back to school first
30/01/2019 07:58
Huat1 Look at the breakout with strong volume...so simple
30/01/2019 07:59
Huat1 To be fair to the IB, the report is on 15th January...at that time was during retracement (sideways). Now already breakout. So it is foolish to post this article now...
30/01/2019 08:02
Huat1 I really doubt any good intentions for the action - sharing this article now
30/01/2019 08:06


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