Kenanga Research & Investment
Highlights / Stock Picks of the Day - Cahya Mata Sarawak Berhad ("CMSB") – Not Rated
Yesterday, CMSB advanced 15 sen to settle at RM5.58. The share price is now retesting a crucial resistance level, where a successful breakout would confirm a “Bullish Pennant formation. This potentially signals a continuation of the uptrend, with an impressive RM2.96 upside (to RM8.20) against just 68 sen in downside risk (strong downside support at RM4.90). Hence, we reckon that traders should keep a keen eye on the stock, and watch for a breakout.
Source: Kenanga
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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....
