CMSB

Sector: Industrial Products & Services/ Construction Materials

Analyzed on 21/11/2021

Follow up from our previous analysis, CMSB touched a resistance at RM1.49 but closed 10 cents lower at RM1.39 for the week. At this price, CMSB is supported by the first level of support of EMA25. We could see a rebound at this level. Should CMSB fail to rebound, EMA50 will be its second support. As long as higher lows are formed, the uptrend is intact. Note that CMSB is due to announce its Q3 2021 report soon, the share price might be affected by its earnings performance.

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