CIMB Group may rebound further after it tested the MYR4.20 support in its latest session. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. A positive bias may emerge above the MYR4.30 level, with an exit set below the MYR4.20 threshold. Towards the upside, the immediate resistance is at the MYR4.60 mark. This is followed by the MYR4.80 level.
Source: RHB Securities Research - 11 Mar 2020
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CIMBCreated by rhboskres | Aug 26, 2024