Rakuten Trade Research Reports
Technical View - Cahya Mata Sarawak Berhad
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Publish date: Fri, 26 Aug 2022, 12:28 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Chaya Mata Sarawak Berhad (CMSB, 2852)
• Share price closed 1.04% higher at RM0.97 on Thusday.
• CMSB is pending breakout from its flag formation. It is now trading above MA 20 and MA 50 lines. The indicators showed an uptick momentum thus share price is expected to go higher.
• Resistance levels are identified at RM0.995 (R1) and RM1.02 (R2).
• On the flipside, support levels are pegged at RM0.935 (S1) and RM0.915 (S2).
Source: Rakuten Research - 26 Aug 2022
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