Current Active Stock Review – CIMB Stock Code 1023
Chart wise : Within upward channel …….
CIMB (1023 - MainBoard) had on 26/8/2010 traded higher to a day high of RM7.94 before settled
at RM7.92.
Above : CIMB Daily chart - click to enlarge
Price Direction …..
In view of a decrease in market participation, the stock can be expected to trade sideways within the small upward channel in coming day(s) with an overhead resistance pegged at RM8.10 and support at RM7.80.
What to watch for ….
A turnaround of prices to close below RM7.80 level would see a change in the stock direction for the immediate short term.
by Mercury Securities Sdn Bhd
