CMSB - Breakout Down Trendline ?CMSB - CURRENT PRICE : RM1.10
CMSB had broken down trendline on high trading volume - indicating strong buying interest.
This is possible beginning of trend changing from downtrend to uptrend. Furthermore, the reading in RSI crosses above 50 added more bullish outlook for this stock.
Technically i would buy on this breakout point as it suggest an attractive RISK to REWARD ratio.
ENTRY PRICE : RM1.10
TARGET : RM1.20 , RM1.29 , RM1.42
STOP LOSS : RM1.00
Notes : There is a catalyst for this stock. Investors may refer to TheEdge website (date 19 FEB 2025) - CMSB books highest quarterly net profit in more than two years, declares three sen dividend.
