CAB (7174) - Possible bottom formation
CAB is looking good with possibility of bottom formation. By looking at chart, CAB is creating higher low and higher high with good volume, which means it has a good momentum. CAB also breakout from down-trend line with high volume. The indicators and oscillators are showing bullish signs.
Next resistance is RM 1.00. Breakout above RM 1.00 with high volume will see it goes to next resistance level at RM 1.10.
Breakout above RM 1.10 will make this counter into bullish mode.
This counter is currently lagging behind CCK and QL.
*All views here are for learning purposes only, not a recommendation to buy or sell any stock.
Next resistance is RM 1.00. Breakout above RM 1.00 with high volume will see it goes to next resistance level at RM 1.10.
Breakout above RM 1.10 will make this counter into bullish mode.
This counter is currently lagging behind CCK and QL.
*All views here are for learning purposes only, not a recommendation to buy or sell any stock.
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