Friday, October 20, 2017

Technical Analysis Oct 2017: CIMB (1023)



CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB break RM6.26 support level.

How low will go?

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

Immediate resistance @ RM6.26 level.
Subsequent resistance @ RM6.50 level.

Immediate support @ RM6.00 level.
Subsequent support @ RM5.72 level.

Let's watch closely for opportunity.

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