Kenanga Research & Investment
Highlights / Stock Picks of the Day - CB Industrial Product Holdings (CBIP) – Not Rated
The market reacted positively on the news that CBIP has recently been awarded a contract to build a RM33m Continuous Sterilisation (CS) palm oil mill in Central Kalimantan, Indonesia. Chart-wise, the share price has violated the overhead channel resistance with a bullish white candle on strong volume. The share price spiked up 14 sen to close at RM3.05 yesterday. The breakout may signal resumption of the new uptrend towards RM3.50 in mid-to-long term, based on measurement objective. Meanwhile, a protective stop-loss is pegged at RM2.90 should the share price move against the direction.
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....
