RHB Retail Research
Trading Stocks - CB Industrial Product
CB Industrial has been trading in a sideways pattern over the past two weeks – below the MYR0.875 resistance and above the 30-day SMA line which is starting to curve upwards. A positive bias may emerge above MYR0.875, while resistance levels are at MYR0.95, followed by MYR1.00. A stop-loss can be placed below MYR0.835.
Source: RHB Securities Research - 21 Nov 2019
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