SembMarine: CIMB has technical buy call, with stock breaking out of its consolidation triangle pattern yesterday on strong volume. MACD has also confirmed its buy signal with RSI continuing to edge higher. Resistance at $4.44-4.50. Stop loss at $3.90….
Note however that fundamentally CIMB still remains neutral about the stock with 1 yr TP of $4.30 despite grp’s new order wins of 2 Jack-ups last night.
No comments:
Post a Comment