RHB Retail Research

Trading Stocks - CAB Cakaran Corporation

rhboskres
Publish date: Wed, 13 Feb 2019, 04:44 PM
rhboskres
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RHB Retail Research

CAB Cakaran may rise higher after forming another white candle and leaving an upside gap. The 21-day SMA line is likely to turn upwards, suggesting additional strength may be present in the near term. A bullish bias may emerge above the MYR0.57 level, with an exit set below the MYR0.515 threshold. Towards the upside, the immediate resistance is at MYR0.655. This is followed by the MYR0.72 level.

Source: RHB Securities Research - 13 Feb 2019

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