IEV: CIMB has Technical Sell Call. Note that stock formed a shooting star pattern on Tuesday and prices have been drifting sideways to lower since then.
Technical indicators continue to show signs of weakness with its MACD starting to ease. Its RSI is overbought and a plunge through the 70-pts mark would indicate a sell signal. Both indicators point to lower prices ahead. Recommend Sell into strength is a good option here with a buy stop placed above $0.955. Anything above $0.955 would likely indicate that our bearish view is incorrect. Expect prices to drop towards $0.67-0.70 levels next.
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