RHB Retail Research
Trading Stocks - CAB Cakaran Corporation
CAB Cakaran may move higher after it continued holding above the MYR0.55 support. As the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR0.58 level, with an exit set below the MYR0.55 threshold. Towards the upside, the near-term resistance is at MYR0.645. This is followed by the MYR0.675 level.
Source: RHB Securities Research - 16 May 2019
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