RHB Retail Research
Trading Stocks - CB Industrial Produc
CB Industrial Product formed a long white candle, indicating that momentum of buying could be strong. This can also be viewed as a continuation of the bulls extending the rebound from 24 Jul’s “Bullish Harami” pattern. A positive bias may emerge above the MYR0.97 level, with an exit set below the MYR0.91 threshold. Towards the upside, the immediate resistance is at the MYR1.05 level. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 29 Jul 2019
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