CIMB share price has fallen 17.28% YTD to RM5.41 from RM6.54.
Share has been oversold amidst the prevailing bearish broader market. This is likely due to slew of management changes amongst GLCs, nevertheless fundamentally CIMB remains sound.
The stock is oversold and may stage a technical rebound. Meanwhile, downside support levels are at RM5.35 (S1) and RM5.19 (S2).
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....