Saturday, January 23, 2016

Technical Analysis Jan 2016: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB succeed rebound @ RM3.95 level ?

How high will it rebound?

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

Immediate resistance @ RM4.25 level.
Subsequent resistance @ RM4.40 level.

Immediate support @ RM4.00 level.
Subsequent support @ RM3.95 level.

Let's watch closely for opportunity.

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