HTL International: CIMB has Technical Buy Call. Note that the stock appears to be forming a long term triangle pattern, with prices now trading just above the triangle support. The technical landscape is neutral to mildly positive. Its MACD has signaled a golden crossover while its RSI is slowly picking up. There is also a triple bullish divergence on both its MACD and RSI….
Recommend traders Buy now with a stop placed below the recent swing low of $0.585. A breakout above the moving averages at $0.64 would likely boost prices towards $0.69, the triangle resistance. Closing above the $0.69 level would likely bring in new bouts of buying, which could potentially lift prices towards $0.73-0.75 and $0.80-0.825.
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