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...
CMSB is likely ready to thrust upward for subwave 3 of 3. Wave 3 is anticipated to be longest when wave 1 had completed it’s leading diagonal wave. TAYOR.
We often see that the group admin / member will keep mention particular counter/ symbol.
Question : shall we follow it?
Moment ago, member of a private group mention about CMSB 👀. Just with a gained of 2%++ and alert other at group?🤔
If like that, how about other counters that gain more than 2%?😵🤔 tell next villages too?
At this moment, CMSB still is s downtrend...
- Fundamentally good stock. Jump in profits in most recent QR. Discounted cashflow (5%) fair value - 2.59.
- Nearing the end of the long term downtrend channel. Price already rejected an ST, possibly a Spring. Now showing signs of strength.
- Strong resistance at 1.60 - MA200, at previous support becoming resistance.
Trading plan:
EP: 1.26-1.28
SL: 1.23...
#CMSB (CASE STUDY)
Swap zone technique.
Demand area 0.975-1.00.
BO with good Q3 results.
TP1: 1.10-1.13
Risk: Overall downtrend, currently price at SBR 1.05.
Lets monitor closely!
*Personal opinion, trade at your own risk*
CMSB - Smart money resumed
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
The price candlestick indicates a divergence signal where the price closed above MA20 with volume above MA20. A good sign for a long trade position. OBV chart indicates an uptrend trend. And MACD chart is in the weakness and negative signal. Put CMSB in your WL and watch out for significant price movement with volume or when MACD crosses up the signal line which...
Support: 1.45
CUTLOST 1.39
Resistance: 1.51/1.57
Cahya Mata Sarawak Berhad, an investment holding company is engaged in the businesses of cement manufacturing, construction and construction materials, trading, road maintenance, property development, financial services, technology, and education services. It is involved in the manufacture and sale of cement, as...
The trend pattern shows CMSB is in a rally pattern. Which able to sustained increases in the prices. OBV and MACD confirm the trend momentum.
R 1.55
S 1.22
Main focus in the video:
1. Combination and chart reading with Weekly, Daily and Hourly chart
2. Bag Holding as Support
3. High Volume with Change in Trend
4. Trendlines as confirmation on Reversal
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding...
CMSB seems to have bottomed, with RSI forming double bottom with the newest retest forming a higher low.
Potential trend reversal indicated by the bullish divergence and Chroma Green B2 Buy.
Good risk reward near support
1. Weekly starting to make an uptrend. EMA 10>EMA 30, below EMA 200.
2. H4 looks like making a new impulse wave after correction. Reversal at 0.382. May move sideways before making new higher high.
3. Bursa Marketplace rating 8 (strong mom), isaham 7.1, i3 ATP RM1.47
