CIMB (1023) : Technical Analysis Nov 2014: CIMB (1023)
CIMB GROUP HOLDINGS BERHAD
Observation From Chart:
CIMB formed lower high & lower low.
How low will it go?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastics %K @ oversold stage, pending BUY call.
Immediate resistance @ RM6.00 level.
Subsequent resistance @ RM6.15 level.
Immediate support @ RM5.50 level.
Subsequent support @ RM5.00 level.
Let's watch closely for technical rebound.
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