Thursday, 10 May 2012

Stock Overview - CIMB - 10 May 2012


CIMB ( 1023 : 7.64 ) : Targeting 8.16/Stop loss 7.54

Description

Resistance : 8.16 8.28
Support : 7.54

RSI of 59
RSI is recovering

STOCHASTIC
It is riding on an upswing

Comment
The current rebound off the lower trendline is heading for 8.16 to 8.28

Trading Strategy
Buy. Stop loss is at 7.54

Source:Jupiter Securities Research 09 May 2012


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