CIMB

Sector: Banking

Analyzed on 25/09/2021

Banking stocks have been retreating as MoF instructed banks to work on interest rate exemption for loan moratorium repayments. CIMB is also not spared from the negative sentiment. However, CIMB’s share price stood firm at its EMA25 level this week. We can see that CIMB’s share price have been steadily recovering in a consistent wave pattern since Q4 2020 all thanks to its robust quarterly earnings and improving profit margin. We have identified RM4.8 and RM4.5 as its support levels and in the opinion that CIMB stands a good chance to rebound higher.

--------------------------------------------------------
Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

 TELEGRAM ：https://t.me/nottinvest

 FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.