CMSB closed lower on Friday with a potential “morning star” candle.
CMSB encountered a sharp correction after touching a high of RM3.14 in Apr
2010, and fell to a low of RM2.11 in May, near a solid support level at RM2.10.
It managed to recover to above the RM2.41 level but its shares remained
trading on sideways from Jun to Sep. Only in Oct, the stock stormed upward to
try a resistance at RM2.93, before the current consolidation. It ended at
RM2.75 on last Friday with a small gap and a potential “morning star” candle on
the chart.
Cahya Mata Sarawak Berhad : Forming Base At Above RM2.68 Before A Technical Rebound… - 18/10/2010
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