AmInvest Research Reports

Trading Stocks - Cahya Mata Sarawak (2852)

AmInvest
Publish date: Tue, 28 May 2019, 09:05 AM
AmInvest
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Cahya Mata Sarawak has rebounded from its low with higher trading volume. With a neutral RSI, there is a possibilibity it will break the immediate resistance of RM3.23, with a short-term target price of RM3.47 followed by RM3.70. On the downside, support level is anticipated at RM3.00 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.23

Target: RM3.47, RM3.70 (time frame: 3-6 weeks)

Exit: RM3.00

Source: AmInvest Research - 28 May 2019

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