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CIMB GROUP HOLDINGS BERHADCIMB GROUP HOLDINGS BERHADCIMB GROUP HOLDINGS BERHAD

CIMB GROUP HOLDINGS BERHAD

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CIMB trade ideas

CIMB STILL IN CORRECTION PHASECIMB, 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 on Elliott wave count, this is just a technical rebound movement, and not reversal with its continual uptrend movement. This rebound countertrend wave is actually forming the wave B of the zig-zag pattern A-B-C. Reason of zig-zag pattern is because wave A is an impulse 5 wave downtrend structure. It is estimated the wave B might hit RM3.81 ballpark value before continue its downward movement to target at around RM3.31 to end wave C (refer to chart). It is not time to long yet. Happy trading!
MYX:CIMBShort
by AmazeOptions
5
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
MYX:CIMBLong
by Zezu_Zaza
CIMB: Long Term Reversal with Supported Year-LineThank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish As seen in the chart, the Year-Line is a strong indicator of trend. Around late Feb 2019, The price managed to closed above the Year-Line for a few days before rejecting and continued downward sliding. This time, not only is the price holding comfortably above the Year-Line, it also found support when it tested the Year-Line with a doji candle on the 4th Dec. Entry: 5.30 Stop-loss: 5.19 1st Target: 5.61 2nd Target: 5.77 Gentle reminder: Plan your trade and trade your plan. Peace out!
MYX:CIMBLong
by ShareWorldConsulting
Sign of accumulation by Smart Money on CIMB Group (1023.KL) What is accumulation (stage 1)? Accumulation happen when Smart Money accumulates large quantity of stocks at the lowest possible price over a period of time. This is a subtle and quiet process and usually you won't find the stock appear in top volume list. Below are the clues of accumulation based on Volume Spread Analysis: 1. Price moving sideways and well supported at RM5.76 2. Formed narrow spread bar with low volume for almost 2 months 3. Bullish Green HeatZone 4. Changes in trend with weak background indicates Smart Money is supporting the stock
MYX:CIMB
by MartinTFWong
1