RHB Investment Research Reports
Trading Stocks - CIMB
rhbinvest
Publish date: Mon, 29 Jan 2024, 10:13 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
CIMB is in the midst of extending its upside movement after it broke past the MYR6 psychological resistance. The counter managed to chart “higher highs” and “higher lows” above the breakout point, thereby affirming the bullish setup. Riding on the momentum, it should climb towards MYR6.40, followed by MYR6.80. Towards the downside, falling below the MYR5.80 support will invalidate the bullish setup.
Source: RHB Securities Research - 29 Jan 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
