Saturday, June 11, 2011

Technical Analysis June 2011: CIMB (1023)



CIMB GROUP HOLDINGS BERHAD

Observation From Chart:

Since 8 June till 10 June 2011, CIMB retest RM8.41 strong resistant level.

Before this, it have been attempted a few round unable break up this level BUT retrace down.

How about this round? Will it able break above this level?

If able break up this level with huge volume, it might be retest around RM8.72 level.

However, if retrace down, current strong support at MA50 support level.

Let watch closely for entry opportunity.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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