Daily Trading Stocks: Cycle & Carriage Bintang Berhad

CCB’s rebound should continue as long as it stays above the 200-day MAV line. A position can be initated above the line at RM3.10,with a close below yesterday’s low of RM2.96 as stop-loss. The price
targets are the Fibonacci levels of 2011-2012 decline at RM3.50 and RM3.75. The stock is likely to trade sideways should the stop loss be triggered. Supports lie at RM2.88 and RM2.76.

Source: OSK