RHB Retail Research
Technical Analysis - CAB Cakaran Corporation
CAB Cakaran may rebound further after it tested MYR0.76 support in recent sessions. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.79 level, with an exit set below the MYR0.76 threshold. Towards the upside, the near-term resistance is at MYR0.835. This is followed by the MYR0.87 level.
Source: RHB Securities Research - 25 Sept 2018
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