CIMB Group Holdings Bhd (CIMB, 1023)
• Share price closed 0.99% higher at RM5.10 on Wednesday.
• CIMB closed above its MA50 line with buying interest for the past 2 days. Coupled with BNM’s 25 basis points interest rate hike made on Wednesday and upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM5.25 (R1) and RM5.40 (R2).
• On the flipside, support levels are pegged at RM4.87 (S1) and RM4.72 (S2).
Source: Rakuten Research - 7 Jul 2022
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CIMBCreated by rakutentrade | Oct 01, 2024