Ezra

Ezra: CIMB has technical Buy call. Highlight that stock appears to be forming a triangle pattern within a corrective rebound. MACD is still negative but is starting to show some signs of improvement again with RSI hooking upwards from its neutral position. Broker recommends accumulate on weakness; with stop loss at $1.82 and resistance at $1.94 (200day MA) followed by $2.08. A close above $1.82 would signal that prices have broken out of its triangle pattern.