CIMB Group Holdings is eyeing an uptrend continuation after bouncing strongly off its support last Friday – while printing a “higher low” bullish pattern. If it manages to move past MYR5.69, the bullish bias may continue to drive the stock towards the next resistance of MYR6.03, followed by MYR6.28 – Sep 2018’s high. In the event it drops below the MYR5.44 support, the bullish momentum may fade away and cause the stock to head south.

Source: RHB Securities Research - 28 Feb 2022