Sakari: CIMB has Technical Sell Call. Note that since TP target of $2.22. Prices closed below its 200-day SMA on Friday, which could induce a tad more selling pressure on the stock.
The technical landscape continued to deteriorate with its MACD moving into negative territory. However, its RSI is flat. Aggressive traders should get in to short now as with a buy stop placed above $2.50. Prices could continue on lower towards S$2.22 first, followed by $2.00-2.05 next.
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