Bull and Bear

[ CIMB ] Hot Stock Of The Day 7-Feb-18

Hot Stock Of The Day 
7-Feb-18 #HSOTD 
CIMB
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CIMB.... one of the top volume of the day ( top 22).. it has caught our eyes as we seeing it bounce from support + today with one bull candle..
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lets see!
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/916873181805883/?type=3&theater

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yesterday it has shown a Hammer at Demand Zone + today bull candle...
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Overall Trend for CIMB is quite bullish... 
the Demand zone is a good place to place an entry... (6.55-6.80)
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For short term traders.. may consider to use yesterday's low - 2 bid as SL.. (6.68) , 
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For Long term investor, may consider to place your entry by STAGES within the demand zone ...
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Resistance to watch
7.08 . 7.36 , 7.56
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Support to watch 
6.80 , 6.55
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Long Term view:
Bullish
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Mid Term View :
Bullish
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Short Term View:
Slightly Bullish.
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We are Bullish on this counter...
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indicator
Moving Average : bullish
MACD : bullish (but weakening)
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As current market is more on bearish sentiment, it could be a "dead cat bounce " on most stock... traders may advise to trade with smaller lot size.. 
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Disclaimer :

Please be informed that our stocks pick are solely for education purpose ; it is neither a trading advice nor an invitation to trade.

For trading advice, please speak to your remisier or dealer representative.

you are responsible for your own risk management
Do Your Own Due Diligence 
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May the trend be with you!
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Trade Safe!

 

 

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