CAB CAKARAN Stock Code: 7174
- Target Price RM1.75, RM1.80
- Last closing price RM1.64
- Potential return 9.8%
- Support RM1.57
- Stop Loss RM1.56
Gap-up. CAB shares opened with a gap-up yesterday indicating strong buying interest, which further pushed the share price higher throughout the day. Traded volume was substantial at 0.4m shares compared to previous 14-day average of 0.1m shares. Positive buying momentum was further signified by bullish RSI indicator and MACD golden crossover, which may suggests price appreciation ahead. Should resistance level of RM1.70 be broken, CAB shares may be lifted further to the next resistance level of RM1.75, followed by RM1.80.
However, failure to hold at support level of RM1.57 may indicate weakness in the share price and hence trigger a cut-loss signal.
source: Public Invest – 12/10/2016
CAB CAKARAN CORPORATION BERHAD
The Group is an integrated poultry group with its principally activities in breeding of parent stock hatching of eggs into DOCs breeding of broilers slaughtering and processing of fresh chicken and other value-added food products right down to retailing and the operations and management of a fast food chain and franchising of fast food business.