AmInvest Research Reports

Stocks on Radar - CIMB Group (1023)

AmInvest
Publish date: Mon, 06 Dec 2021, 09:35 AM
AmInvest
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CIMB Group rebounded and touched the RM5.16 resistance level. With its RSI indicator pointing upward, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM5.33 and RM5.41. The downside support is projected at RM4.99. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.16

Target: RM5.33, RM5.41 (time frame: 2-4 weeks)

Exit: RM4.99
 

Source: AmInvest Research - 6 Dec 2021

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