JES: CIMB has technical Buy Call. Note that the stock has been moving in a sideways manner since hitting a high of $0.38 back in Oct. In Jan, prices briefly broke above this level but failed to extend its gains. Think that it is now ripe for its next move higher from current prices….
Technical landscape looks conducive for a start of a new run. The RSI has found support above the 40-50pts band, which is positive. Recommend aggressive traders opt to buy now with a stop below $0.335. Expect prices to breakout above the $0.385 high towards $0.425-0.43.
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