- Target Price RM0.615, RM0.650
- Last closing price RM0.585
- Potential return 5.1%, 11.1%
- Support RM0.570
- Stop Loss RM0.545
Possible for further recovery. CARIMIN is potentially staging a stronger recovery from its consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.615 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.650. However, failure to hold on to support level of RM0.570 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 30 Aug 2022