RHB Retail Research
Trading Stocks (mid-day) - CAB Cakaran Corporation
At the time of writing, CAB Cakaran Corporation was holding below the recent MYR0.30 resistance. A bullish bias may be present above this point, with a target price of MYR0.33, followed by MYR0.35. The stock may consolidate further if it cannot breach above the MYR0.30 threshold in the near term. Support may be found at MYR0.27, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 16 Apr 2020
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