Thursday, October 1, 2020

Technical Analysis Oct 2020: CIMB (Bursa: 1023)



CIMB GROUP HOLDINGS BERHAD 

Observation from Chart: 

CIMB (Bursa: 1023) forming lower high & lower low. 

Will it breakout downtrend resistance line? 

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

Immediate resistance @ RM3.15 level 
Subsequent resistance @ RM3.30 level. 

Immediate support @ RM3.00 level. 
If break RM3.00 support, lower low is confirm. Downtrend may resume. 

Let's watch closely Disclaimer

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