CIMB GROUP HOLDINGS BERHAD
Observation From Chart:
17 Nov 2011, CIMB break down the RM7.00 psychology support level.
How low will it go?
Other indicator:-
1. No reversal candlestick been form.
2. MACD moving toward negative region, downtrend sign.
3. Stochastics %K reach oversold stage but NO trigger buy call yet.
High probably will retest immediate support, RM6.60 level.
If rebound, MA50 would be immediate resistance.
Let watch closely for entry opportunity.
Observation From Chart:
17 Nov 2011, CIMB break down the RM7.00 psychology support level.
How low will it go?
Other indicator:-
1. No reversal candlestick been form.
2. MACD moving toward negative region, downtrend sign.
3. Stochastics %K reach oversold stage but NO trigger buy call yet.
High probably will retest immediate support, RM6.60 level.
If rebound, MA50 would be immediate resistance.
Let watch closely for entry opportunity.
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