Stock Watch: CIMB (1023), SOLUTN (0093), TGUAN (7034)




(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)

  • CIMB
After the first coverage for CIMB early this month, it has consolidated around RM4.40~RM4.50 as suggested before broke up today. Based on the chart, MACD is trending upward with RSI slightly in overbought region. The opening of Bollinger Band is still intact. Readers are advised to monitor CIMB price movement these few days. Potential entry can be found between RM4.45~RM4.55 with immediate support at RM4.53 and resistance at RM4.68.
cimb1

  • SOLUTN
Since the first coverage of SOLUTN, its price has tumbled from RM0.28 to RM0.245, which marks a loss of 13%. Since then, it has been consolidating near RM0.24 support. Today, a minor break up took place with price closed above 20MA with MACD crossed. RSI remains mild at the moment. Readers are advised to monitor SOLUTN price movement these few days. Potential entry can be found between RM0.24~RM0.245. The RM0.24 support is crucial as 20MA is about to meet 200MA at this level. Any rebound from here marks a meaningful rebound.
solutn1

  1. TGUAN
            TGUAN broke up its all-time high today with two days high volume. This decisive break up coupled with crossed MACD and opening of Bollinger Band marks a potential new upward momentum, although RSI is now approaching overbought region. Readers are advised to monitor TGUAN price movement these few days. Potential entry can be found between RM4.20~RM4.30 with immediate support at RM4.20.
tguan http://www.investforlife.com.my/stock-watch-cimb-solutn-tguan/