Crest Builder Holdings Bhd (8591)

• CRESBLD closed 3 sen or 3.2% higher to RM0.96 yesterday.

• Recent positive movement has driven the share price to break above key moving averages. With the recent contract win, it should provide positive sentiment on the stock, and propel share price to higher level.

• As such, should it break key resistance level at RM1.00 (R1), next resistance is at RM1.15 (R2).

• On the flipside, support levels can be expected at RM0.90 (S1) and RM0.85 (S2).

Source: Rakuten Research - 17 Dec 2019