RHB Retail Research
Trading Stocks - Cahya Mata Sarawak
Cahaya Mata Sarawak formed a white candle that, at the close, breached above the 30-day SMA line. This came after it recently tested the lower boundary of the multi-month sideways pattern, which was at MYR2.26. Towards the upside, resistance levels are at MYR2.52 and MYR2.80. Investors can set a stop loss below MYR2.32.
Source: RHB Securities Research - 28 Nov 2019
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