Cahya Mata Sarawak on track to reach 6-month high, says RHB Retail Research
by Surin Murugiah
The stock jumped above the resistance level of RM1.80, with higher trading volume.
It said the stock is rising in tandem with increasing trading volume, indicating strong buying interest.
“If it can stay above the resistance level, we think the bullish trend may climb towards next resistance of RM2.00, followed by RM2.20.
“This positive expectation should remain valid if the RM1.65 support is not breached,” it said.
Source: The Edge
https://www.theedgemarkets.com/article/ ... l-research