Wednesday, March 14, 2012

Technical Analysis Mar 2012: CIMB (1023)


CIMB GROUP HOLDINGS BERHAD

Observation From Chart:

14 Mar 2012, CIMB retest strong resistance RM7.40 level.

Will it break through the resistance?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastics %K already trigger BUY call.

High probably will break through RM7.40 level.
Subsequent resistance @ RM7.55 level.

If retrace down, RM7.20 or MA20 would be immediate support.

Let's watch closely.

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