Technical Analysis Jan 2011: CMSB (2852)

CAHYA MATA SARAWAK BERHAD (2852)

Observation from Chart:-

After consolidate around 1month & forming bolinger band squeeze.
On 4 Jan 2011, CMSB already break up bolinger band squeeze.

There is a gap up on 12 April 2010, from RM2.83 to RM2.88 level.
Next subsequence resistant RM2.83, RM2.88, RM2.94, RM3.07

However, if retrace down, may look for RM2.74 & RM2.68 support level.

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!