CIMB also developing a VCP but so far just completed 2 contraction. C1: 18% C2: 13% C3: Pending C4: Pending CIMB is lagging behind Public Bank as Public Bank has completed 4 contraction. Can put into watchlist! The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for...
BUY - Above 4.18 for a possible trend reversal - Inverted hammer signified a possible trend reversal SELL - Make a tight SL within 4 – 5% - The possible interest hike (US) will give a boost to it although OPR should probably remain the same for FY21 RATIONALE - Trend reversal - But not much meat can be obtained unless one goes for long here for div...
CIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern. Looking at the financial sector / fbmklci, there's a possible rebound. If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6 The supporting price is at 3.8. Like my works? Please hit the Like, Follow and Share or tip a coin :) Thanks! ...
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CIMB Theme: Finance/ Recovery Rst: 4.66 Spp: 4.28 Support affirmed above Fibo Ext first tier at 4.28, RSI and MACD can be observed picking up as well, will facilitate the move towards coming Fibo level at 4.66
MACD Crossing upward along with cyclical range of DMI showing retracement. Look for volume for the upward breakout. If the volume higher than average volume, it may signal bullish trend. Historical support at 3.845 and a possible hurdle at the 50 SMA when the price breaks upward. Profit taking advisable at 4.5 (I don't participate in this trade, this is just an...
Hello Traders around the World and Malaysia, I am currently learning Technical Analysis , and this analysis is what I call ("Learning Notes"). Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated. Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Lee This is not a...
CIMB Neutral, Need to Observe if Break EMA 20, Profit Taking
CIMB, a bank stock, has run an impulse waves up beautifully from its base of RM2.9 on November 2nd to RM3.96 on November 17th. It rallied RM1.06 in 2 weeks timeframe. CIMB however take a pause after hitting RM3.96, and retrace to low of RM3.55 on November 20th. Today CIMB shows some strength and close with green candlestick at closing price of RM3.78. But based...
But i will still wait until it break 3.100 to confirm it recovered.
3.050 is the support and seem it is getting weaken.
so have to go downtrend. Never aim to buy at lowest point, because low will go lower.
actually 3.100 is the meaningful resistance line. Need to break and stand firm. Better slowly breakout.
3.100 is your new resistance. Can it break with power of retailer? Learn from chart signal save your money and time.