Previously i shared CIMB VCP setup on Aug (link below). After the breakout at Aug, price rally up to 18% till 20 Oct. Then the price went for natural reaction with below contraction: C1: -8% C2: -4% C3: -3% This region is tight and consider a low risk entry zone with overall risk around 6%. Let's see if huge demand will come in and breakout strong or not....
Sign of Strength in the chart: 1. Green Pentagon in Daily & Weekly Chart 2. Pullback setup 3. Upbars high volume Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
By Breaking 4.880 CIMB price most likely have completed its bullish triangle pattern. And on its way trending up above Rm6.00
Back in early June, i have shared CIMB VCP Setup, i believe the further contraction till now were due to market sentiment in finance sector still not recover. Keep in watchlist with below contraction: C1: -18% C2: -13% C3: -6% Still yet to have any buy signal, just chart pattern sharing. Disclaimer: Trade at your own risk, not a buy call recommendation.
CIMB Bank Medium Term Outlook, We are possible in wave D (Yellow) of a triangle
CIMB Bank now possible in wave D (Red Circled) of a triangle..
DISCLAIMER THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!! It tried to breakout from its 52week high of 4.75 today but retraced back to 4.69, forming a doji. Currently it is in a nice and good uptrend with the MA20 acting as a trendline. However take note the RSI nearing overbought zone soon and it formed a doji today. There could be a...
Trend shown based on purple box will achieve 4.88 myr... hope for good news soon.
CIMB, monitor for VCP formation. Wait for next squueze and breakout only enter. MYX:CIMB
CIMB looks like forming a cup with handle formation at first, but the handle is now way too long and it is almost like a double bottom now. Let's see if it can break the resistance of RM4.67. Noticed there have been multiple attempts to break this resistance but has been unsuccessful so far. Trend looks good for now. Let's see if it breaks out. Dislaimer : This...
CIMB also developing a VCP but so far just completed 2 contraction. C1: 18% C2: 13% C3: Pending C4: Pending CIMB is lagging behind Public Bank as Public Bank has completed 4 contraction. Can put into watchlist! The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for...
BUY - Above 4.18 for a possible trend reversal - Inverted hammer signified a possible trend reversal SELL - Make a tight SL within 4 – 5% - The possible interest hike (US) will give a boost to it although OPR should probably remain the same for FY21 RATIONALE - Trend reversal - But not much meat can be obtained unless one goes for long here for div...
CIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern. Looking at the financial sector / fbmklci, there's a possible rebound. If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6 The supporting price is at 3.8. Like my works? Please hit the Like, Follow and Share or tip a coin :) Thanks! ...
From the weekly chart, I expect that price will continue to go down until around 50% - 61.8% fib retracement zone before price will go up again. We should alert on sign of weakness around 50% - 61.8% fib retracement zone for buy confirmation. Risk reward is about 1:2 Happy trading! TAYOR
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
CIMB Theme: Finance/ Recovery Rst: 4.66 Spp: 4.28 Support affirmed above Fibo Ext first tier at 4.28, RSI and MACD can be observed picking up as well, will facilitate the move towards coming Fibo level at 4.66