Possible for bottom fishing. CAB formed a morning star candlestick pattern on a weekly basis, signifying a potential bullish reversal. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of RM0.610.
However, failure to hold on to support level of RM0.520 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 22 Jan 2019
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tan81
Buy !!!
2019-02-12 01:50