ARBB (KLSE: 7181) – The downfall is over now

ARBB had triggered a knee-jerk reaction upon their announcement of the issuance of rights shares. However, the corporate proposal for the group is very beneficial for them as their latest venture will strengthen their IoT business segment and market proposition. On the chart-end, we could also see a strong support was formed following their outstanding results in the latest financial quarter.

You may refer to the pointers below to trade but do watch out on breach on support levels.

Trading Buy: Collect around RM 0.160 – RM 0.175

TP: RM 0.195, RM 0.215 (Minimum reward level of 11.42%)

Cut Loss: RM 0.150