RHB Retail Research
Trading Stocks - CB Industrial Product
CB Industrial Product was testing the MYR0.83 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.935, followed by MYR0.99. The stock may consolidate further if it cannot decisively breach above the MYR0.83 mark in the near term. Support may be found at MYR0.68, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 24 Mar 2020
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