RHB Retail Research
Trading Stocks - CB Industrial Product
CB Industrial Product may move higher after it tested MYR0.96 support recently. As the stock rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.02 level, with an exit set below the MYR0.96 threshold. Towards the upside, the near-term resistance is at MYR1.10. This is followed by the MYR1.16 level.
Source: RHB Securities Research - 7 Jan 2019
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