GLP: CIMB has Technical Sell call. Note that the uptrend for the stock is beginning to show some weakness. Prices are still trading within the uptrend channel, which allows for higher prices ahead. However, the technical picture shows a weakening uptrend. Potential bearish divergence could be seen on its MACD and RSI. Hence, bulls should tread with caution.
The stock is only a sell once prices fall below the uptrend channel support at $2.12. Anything below $2.05 would confirm the end of the uptrend, targeting $1.93 in the short term. Resistance is seen at $2.30 and $2.37.
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