Sunday, February 19, 2023

Technical Analysis Feb 2023: CIMB (Bursa: 1023)


CIMB GROUP HOLDINGS BERHAD

Observation from Chart: 

CIMB (Bursa: 1023) forming ascending triangle pattern.

Will it rebound at triangle support level? 

Other indicator:- 
MACD trade at negative region, downtrend sign. 
Stochastic %K at oversold stage.

Immediate resistance @ RM5.52 level 
Subsequent resistance @ RM5.65 level. 

Immediate support @ triangle support level.
Subsequent support @ RM5.10 level.

Let's watch closely Disclaimer

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