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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 24 Jan 2020, 2:52 PM

 

Technical Buy - CBIP (7076)

Author:   |    Publish date:


  • Target Price: RM1.04, RM1.10
  • Last closing price: RM0.960
  • Potential return: 8.3%, 14.5%
  • Support: RM0.945
  • Stop Loss: RM0.900

Possible for upside. CBIP is attempting to extend its prior uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.00 be genuinely broken, it may continue to lift price higher to subsequent resistance levels of RM1.04 and RM1.10.

However, failure to hold on to support level of RM0.945 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 9 Dec 2019

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Labels: CBIP

Related Stocks

Chart Stock Name Last Change Volume 
CBIP 0.97 -0.03 (3.00%) 206,300 

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