CMSB closed at RM2.14, after testing a more than 2-yr high of RM2.16. After
flooring at around the RM1.10 support level from Nov 2008 to Mar 2009, the share
price of CMSB rebounded and traded within a range of RM1.33 to RM1.60 in Apr to
Oct 2009. Despite some volatility in late 2009, the stock has consistently chalked up
higher highs. In recent trading, thanks to the supportive 10-day SMA, it has
convincingly neutralised the tough technical hurdle at RM1.87. It hit a more than
two-year high of RM2.16 on Thursday, before closing at RM2.14 on Friday, above
another resistance level at RM2.10.
Mandarin Version - Cahya Mata Sarawak Berhad : An Opportunity To Bargain Buy Near RM2.10... - 15/03/2010
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