RHB Retail Research
Trading Stocks - CAB Cakaran Corporation
CAB Cakaran may climb higher after it formed a second consecutive white candle. Yesterday’s candle can be viewed as a continuation of the bulls extending the buying momentum from 12 Feb’s upside gap. A bullish bias may emerge above the MYR0.625 level, with an exit set below the MYR0.57 threshold. Towards the upside, the immediate resistance is at MYR0.72. This is followed by the MYR0.77 level.
Source: RHB Securities Research - 19 Feb 2019
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