Saturday, December 5, 2015

Technical Analysis Dec 2015: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB forming double bottom @ RM4.45 level ?

How high will it rebound?

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

Immediate resistance @ RM4.60 level.
Subsequent resistance @ RM4.70 level.

Immediate support @ RM4.50 level.
Subsequent support @ RM4.45 level.

Let's watch closely for entry opportunity.

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