Friday, 23 Mar 2012 CIMB – Stock Pick

CIMB ( 1023 : 7.62 ) : Targeting 8.16

Description
Resistance : 8.16
Support : 7.40

RSI of 65
RSI remains on uptrend

STOCHASTIC
It is on an upswing

TREND INDICATOR
Comment
Following the recent consolidation breakout, it is targeting 8.16. Stop loss should be placed at 7.40


Trading Strategy
Buy. Stop loss is at 7.40


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.