Zezu_Zaza

CIMB BANK Strong Buy To RM4.00 Amid Savings Hacked

Long
MYX:CIMB   CIMB GROUP HOLDINGS BERHAD
CIMB 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

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