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.