CCM formed a white candle in the latest session, after it underwent a correction phase which saw its share price retesting the 200-day SMA line. A positive bias may emerge above MYR1.34, with resistance points at MYR1.58, followed by MYR1.65. A stop-loss can be placed below MYR1.34.
Source: RHB Securities Research - 1 Jun 2020
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