Tuesday, July 28, 2015

Technical Analysis Jul 2015: CIMB (1023)


CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB keep consolidate sideway since early of June 2015

How long will it consolidate?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastics %K @ SELL call.

Immediate resistance @ MA20 / MA50 level.
Subsequent resistance @ RM5.61 level.

Immediate support @ RM5.24 level.
Subsequent support @ RM5.05 level.

Let's watch closely for entry opportunity.

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