Rakuten Trade Research Reports

Technical View - CIMB Group Holdings Bhd (CIMB, 1023)

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Publish date: Thu, 31 Oct 2019, 02:26 PM
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CIMB Group Holdings Bhd (1023)

• CIMB gained 1.2% or 6 sen to RM5.09 yesterday.

• Share price rebounded from low of RM4.82 recently and has broken above key short-term moving averages. We expect the rebound to continue supported by positive technical indicators.

• From here, resistance levels are identified at RM5.18 (R1) and RM5.24 (R2).

• Likewise, downside support levels are found at RM5.00 (S1) and RM4.89 (S2).

Source: Rakuten Research - 31 Oct 2019

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Michaelangelo

Looks like she attempts to cross 5.30 convincingly today to head for 5.55 later?

2019-10-31 16:02

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