CMSB
After this few days of minor crash on penny stock, CMSB also been affected.
It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company.
Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023.
The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction.
Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05).
If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18.
If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.
After this few days of minor crash on penny stock, CMSB also been affected.
It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company.
Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023.
The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction.
Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05).
If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18.
If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.