Rakuten Trade Research Reports
Technical View - Crest Builder Holdings Bhd (CRESBLD, 8591)
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Publish date: Tue, 12 Mar 2019, 03:31 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Crest Builder Holdings Bhd (8591)
- CRESBLD gained 5 sen or 5% to close at RM1.05 yesterday.
- Chart-wise, the share has been on a bullish run evidenced by yesterday's resistance breakout and is trading above key moving averages.
- From here, we expect the buying momentum to persist on the back of improving sentiments within the construction sector.
- As such, resistance levels are found at RM1.10 (R1) and further to RM1.16 (R2).
- Likewise, support levels are expected at RM0.965 (S1) and RM0.940 (9).
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