Swim With Sharks
ARB BERHAD – Consolidation Pattern Spotted
swimwithsharkss
Publish date: Wed, 19 Jan 2022, 10:32 AM
ARB BERHAD – Consolidation Pattern Spotted
The panic selling triggered from the rights issue seems to have faded, and the share price for ARB was also unfazed by the recent tech sell off. This indicates an end of selling pressure on the share and they had now entered into a consolidation phase. While we are waiting for a confirmation signal for breakout on RM0.150 level, investors could first have their eyes on the share first.
Pending Breakout: RM0.150
TP: RM0.200
CL: RM0.130
More articles on Swim With Sharks
ARB’s FY2021 earnings surges 71% on ERP and IoT segments momentum growth
Created by swimwithsharkss | Feb 22, 2022
Share Consolidation and Rights Issue “BUNDLE”? GOOD OR BAD?
Created by swimwithsharkss | Jan 23, 2022
ARB to utilise rights issue proceeds to fund hydroponic IoT venture
Created by swimwithsharkss | Dec 30, 2021
Featured Posts
Latest Videos
Apps
Top Articles
2
3
BFM Podcast
4
5
BFM Podcast
6
Axcapital's investment blog
KAB - Executing its way to a record quarter. Could more Petronas contracts be coming?
7
Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin
8
Mercury Securities Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
