RHB Retail Research
Technical Analysis - CIMB Group
CIMB Group
CIMB Group may move higher after it continued holding above the MYR5.77 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR6.00 level, with an exit set below the MYR5.77 threshold. Towards the upside, the near-term resistance is at MYR6.32. This is followed by the MYR6.55 level.
Source: RHB Securities Research - 14 Sept 2018
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