Quick take: ARB rises 1% on technical buy

TheStar Mon, May 13, 2019 10:05am - 4 years View Original


KUALA LUMPUR: Shares of ARB Bhd rose more than 1% in early trade after a technical buy by PublicInvest Research.


ARB, formerly known as Aturmaju Resources Bhd, rose 1.03%, or 0.5 sen to 49 sen with 5.8 million shares done. ARBB-PA gained 2.38%, or 0.5 sen to 20.5 sen.


PublicInvest said ARBB was staging a potential recovery from its congestion phase well supported by its short term EMA.


It said its RSI was trending upward while its weekly MACD formed a golden crossover a week earlier.

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