CIMB trade ideas
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, 27-6-2018Bullish, but waiting for it to bottom, "special case news" has affected the stock but fundamentals are still in place
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.
