Sunday, November 23, 2014

Technical Analysis Nov 2014: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB formed lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastics %K @ oversold stage, pending BUY call.

Immediate resistance @ RM6.00 level.
Subsequent resistance @ RM6.15 level.

Immediate support @ RM5.50 level.
Subsequent support @ RM5.00 level.

Let's watch closely for technical rebound.

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