Kenanga Research & Investment
Highlights / Stock Picks of the Day - Crest Builder Holdings Bhd ("CRESBLD”) – Not Rated
CRESBLD has formed an "Ascending Triangle" pattern and the share price has been trading on a mild uptrend. As the technical picture looks promising, we believe that a breakout above the RM1.40 resistance level could be triggered soon. Should this
happens, the share price could potentially extend its gains towards the psychological level @RM1.50 and RM1.63 next. Meanwhile, the near-term support may is pegged at around RM1.30 (Fibonacci and 50-day SMA support level).
Source: Kenanga
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