Bursa Malaysia Stock Watch

CIMB has a bullish breakout

kltrader
Publish date: Tue, 27 Jul 2010, 09:42 AM
kltrader
0 20,644
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
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.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment