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.

2 comments:

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  2. Market forecast for KLCI

    The KLCI market is expected to trade sideways in coming session, however the two levels of 1670 and 1650 are
    important and if the market cross the level of 1670 again then it will trade with bullish sentiments in coming trading
    session.

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