CIMB probably trending down to 3.10 +/-. 21/May/23 CIMB probably start trending down completing wave E ( Red Circled ) of triangle...where it will probably completing its long term "base/foundation" for next level of CIMB's "High-rise Building"..
Cimb
CIMB near ATH. 18/Feb/23.CIMB came closed to its all time high price @ 6.180....Rate hiking “temporarily” halted?..Or?...
CIMB : Sign of short term price peakAfter yesterday price & volume shows sign of rebound, today price traded higher allows some intraday profit.
However, the price up might resisting with low intention to markup further. This is because the price & volume intraday shows price is not moving higher despite high volume in. This might be the action to attract buyers with fear or missing out.
CIMB | Sign of rebound with volume in within the dayAfter a huge fall from last week, CIMB is showing sign of price bottom & price up with volume yesterday.
Although high volume in daily chart might scared some investors away. But the major volume created yesterday was done at the price bottom & maintaining the price at higher level.
FINANCE: Possible End of CycleFrom 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months.
Other indicators:
- Negative divergence on monthly chart (CCI)
- Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
CIMB Bullish Triangle maybe also done. 30/8/21By Breaking 4.880 CIMB price most likely have completed its bullish triangle pattern. And on its way trending up above Rm6.00
CIMB Bank Big Pic. Possible in wave D (Red Circled). 30/6/21CIMB Bank now possible in wave D (Red Circled) of a triangle..
CIMB (MYX) - BullishGreetings
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Strategy
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Analysis
CIMB (MYX) - Bullish
CIMB - Rounding NorthwardCIMB
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
CIMB Neutral, Need to Observe if Break EMA 20, Profit TakingCIMB Neutral, Need to Observe if Break EMA 20, Profit Taking
CIMB BANK Strong Buy To RM4.00 Amid Savings HackedCIMB Bank has find its support today at price RM3.485 after 3 days unbreak the previous close market price. Despite trending on twitter several weeks ago due to savings user hacked, the share price recovered. Many user threaten to change the banking saving after this exploitation. The user savings has been credited to several credit to unknown party that has been trending on the twitter.
Many people has complain the security of this banking and other wanted to change their saving to the most security platform which is Maybank, Public Bank, Al-Radjhi and Hong Leong Bank. Despite the rumors, the share price of CIMB Bank finds its support and ready to bullish. I would strongly hold a buy at todays open and would like to put a stop loss below RM3.470.
I am expecting the price could go higher to RM4.00 and would be profitable for the extra RM0.50 multiplied by the lots I will put.
The major sentiment around the market during COvid-19 has now a bit flattened. Market silent a moment while waiting trump adminstration to unleash the economy recovery and waiting the money to be finish printing. Since then, the Ringgit will strengthen to the Dollar.
Thank you.
Regards,
Zezu Zaza
2048
CIMB - bullish with strong fundamentalsNews of "unfavourable political ties" and foreign investors pulling out of emerging markets has sent this ticker crashing downwards despite its solid fundamentals. If we assume that the price has already bottomed out at a critical support level of 5.32, we can be hopeful of a bullish reversal towards realising its actual value over the coming weeks/months ahead.
CIMB - Trend Likely to Weaken AgainLaburlah Technical Coverage (31-MAY, Thursday):
CIMB
Technical Analysis Breakdown
1. Trend: Testing crucial support
2. RSI & Stochastic: Bearish
3. MACD: Bearish
4. Parabolic SAR: Bearish
5. Support level: 5.62 - 5.92
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
