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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 22 Feb 2019, 10:08 AM

 

Technical Buy: CAB (7174)

Author:   |    Publish date:


  • Target Price: RM0.630
  • Last closing price: RM0.570
  • Potential return: 10.5%
  • Support: RM0.540
  • Stop Loss: RM0.510

Possible for bottom fishing. CAB’s share price is recovering from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of RM0.630.

However, failure to hold on to support level of RM0.540 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 12 Feb 2019

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Labels: CAB

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Chart Stock Name Last Change Volume 
CAB 0.65 -0.015 (2.26%) 882,200 

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