Posted by MeiKei > Nov 1, 2019 9:35 AM | Report Abuse

CAB Cakaran Corporation has rebounded from its low to test the immediate resistance level of RM0.505. With an RSI staying above 60%, a bullish bias may be present above this mark with the target prices of RM0.54 and RM0.60. Meanwhile, it may continue moving sideways if it fails to cross RM0.505 in the near term. Support is anticipated at RM0.445, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.505
Target: RM0.54, RM0.60 (time frame: 3-6 weeks)
Exit: RM0.445

Posted by twh888 > Nov 5, 2019 2:52 PM | Report Abuse

Expect better final quarter results. Also note shares are being “collected” at prices below 0.50, see amount collected over last 30 days. Looks like positioning for another rally.

Posted by MeiKei > Nov 15, 2019 9:37 AM | Report Abuse

Stock Name: CAB (7174)
Entry: Buy above RM0.485
Target: RM0.53 (9.3%), RM0.545 (12.4%)
Stop: RM0.47 (-3.1%)