CIMB Group may rebound further after it tested the MYR5.82 support recently. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. A bullish bias may appear above the MYR6.00 level, with an exit set below the MYR5.82 threshold. Towards the upside, the near-term resistance is at MYR6.30. This is followed by the MYR6.60 level.
Source: RHB Securities Research - 4 Jun 2018
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CIMBCreated by rhboskres | Aug 26, 2024