Sunday, February 6, 2011

Technical Analysis Feb 2011: CMSB (2852)


CAHYA MATA SARAWAK BERHAD (2852)

Observation From Chart:-

CMSB seem like forming symmetrical triangle.

If able break up the triangle, it will retest RM2.95 & RM3.07 resistant level.
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

However, if break down the bottom line of the triangle, it might be high risk. May consider cut loss & protect capital.

Let watch closely for entry opportunity.

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

2 comments:

  1. I already study this company..
    His own Aluminum company at sarawak n one of the biggest developer at sarawak

    ReplyDelete
  2. Great...
    Let watch closely...

    ReplyDelete