Monday, February 1, 2016

Technical Analysis Feb 2016: CMSB (2852)

CAHYA MATA SARAWAK BERHAD (2852)

Observation From Chart:-

CMSB rebound from RM5.00 strong support level.

Will it breakout RM5.35 resistance level?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM5.00 level.
Subsequent support @ RM4.70 level.

Immediate resistance @ RM5.35 level.
Subsequent resistance @ RM5.45 level.

Let's watch closely for entry opportunity.

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