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CBIP may rebound further, says RHB Retail Research

TheEdge Tue, Aug 27, 2019 08:38am - 9 months ago

KUALA LUMPUR (Aug 27): RHB Retail Research said CB Industrial Product Holding Bhd may rebound further after it tested the 81.5 sen support recently.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.

“A positive bias may emerge above the 87 sen level, with an exit set below the 81.5 sen threshold.

“Towards the upside, the immediate resistance is at the 93 sen level. This is followed by the 97 sen threshold,” it said.

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Azmy Jdt Mokhtar

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