Comfort is having trouble overcoming this overstretched resistance line at 1,40 after hitting highest 1,37 yesterday trading.
A larger bearish rising wedge has formed in hourly chart, meaning any break and a drop below the 1,30 level can lead to a strong selldown. Support is at 1,09/1,02 region, where bulls may takeover for continuation of final 5th wave rally.
RHB Investment Bank Bhd research has initiated coverage on Rubberex Corp Bhd at RM1.29 with a “Buy” rating and target price (TP) of RM1.68 which implies 23.5x FY21F P/E, a 24% discount to sector average reflected by its smaller market cap and liquidity. Comfort should be better right ?
Selling volume is huge from the intraday chart today .... and din manage to breakout from yesterday high 1.37 this morning , now forming bearish engulfing signal .... comfort will go into consolidation .... first level to test at 1.25, if break then 1.17 .....
Better leave and observation first ...
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Hush77
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Posted by Hush77 > 2020-04-27 17:33 | Report Abuse
maybe data lagging..