Bursa Malaysia Stock Watch

CIMB has a bullish breakout

kltrader
Publish date: Tue, 27 Jul 2010, 09:42 AM
kltrader
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CIMB broke above its medium-term downtrend line at RM7.20 on July 21. Yesterday, it broke above its April 5 high of RM7.41. With these double breakouts, CIMB is continuing on its prior uptrend.


Chart: CIMB's daily chart as at July 26, 2010 (Source: Quickcharts)

Based on the technical breakout, CIMB is a trading BUY.
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