Sound Global

Sound Global: CIMB has Technical Buy Call. Highlights recent breakout run from bullish wedge pattern have stalled and small triangle pattern is taking place, and once pattern ends, uptrend should resume. A breakout above the triangle resistance at S$0.86 would confirm that the uptrend has resumed. Recommends buying now ahead of the breakout with a tight stop placed below the recent swing low of $0.825 or $0.815. Resistance at $0.91 and $0.94.