PublicInvest Research
Carimin - Technical Sell
PublicInvest
Publish date: Tue, 15 Jan 2019, 03:47 PM
PublicInvest
0 10,965
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Target Price RM0.500
Last closing price RM0.600
Potential downside -16.6%
- Upside may be capped. CARIMIN’s share price is forming a rounding top, signifying possible halt in prior surging rally. Weakening RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term. Should support level of RM0.560 be broken, it may continue to drive price lower to subsequent support level of RM0.500. Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling.
Source: PublicInvest Research - 15 Jan 2019
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on PublicInvest Research
Industrial Production Index (IPI) - Positioned for Continued Improvement
Created by PublicInvest | Jul 15, 2024
Discussions
Be the first to like this. Showing 5 of 5 comments
To be fair to the IB, the report is on 15th January...at that time was during retracement (sideways). Now already breakout. So it is foolish to post this article now...
2019-01-30 08:02
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-18 16:30:00
EMA 5
10 Mins
BUY
2024-07-18 16:05:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-07-18 16:00:00
EMA 5
5 Mins
BUY
2024-07-18 16:00:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-07-18 11:40:00
EMA 5
10 Mins
SELL
Apps
Top Articles
1
CEO Morning Brief
PGF Capital to Distribute Thermal Insulated Panels for Data Centres
2
Good Articles to Share
3
4
Rakuten Trade Research Reports
6
Bimb Research Highlights
7
RHB Investment Research Reports
8
南洋行家论股
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane
Technical lools like fool now
2019-01-30 07:55