YangziJiang: CIMB has Technical Buy Call. House believe that the rebound from the $0.77 low is not complete following the breakout of its key resistance trend line in mid-Dec. Still think that there is room on the upside from here following the sideways movement since Oct last yr.
MACD and RSI are flattening out, and would not be surprised if they start pushing higher from here. Aggressive traders should go long again with a stop placed below the recent swing low of $0.855. One can also place their stop below $0.89. A breakout above the key resistance at $0.97 would signal that prices are heading towards $1.11-1.215 next.
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