Bursa Malaysia Stock Watch

CBIP may have a bullish breakout

kltrader
Publish date: Thu, 22 Jul 2010, 05:42 PM
kltrader
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CBIP broke above its downtrend line at RM2.90 yesterday. Its next resistance may come from the horizontal line at RM3.60-65.


Chart:CBIP's weekly chart as at July 21, 2010 (Source: Quickcharts)

Based on the bullish breakout, CBIP could be a trading BUY. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
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