YangZiJiang: CIMB has Techniacl Buy Call. Note that even though stop loss point at $0.91 was triggered last week, still believe that the rebound from the $0.77 low is not complete. Think that there is room on the upside from here.
The MACD and RSI are flattening out, which could see them pushing on higher once more. Aggressive traders should go long again with a stop placed below the recent swing low of $0.855. A breakout above the key resistance trend line at S$0.97 would signal that prices are heading towards S$1.11-1.215 next. Hence, the upside potential is much greater compared to the downside risk.
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