YangZiJiang: CIMB has Technical Sell Call. Note that prices have fallen a tad lower. Yesterday, the stock even breached its 200-day SMA, which could entice greater selling pressure in days ahead. There is a good chance that prices may fall towards its previous swing low of $1.64. If this level also fails to hold, the following support is at $1.53 and $1.32….
Add that technical landscape has deteriorated ever since prices broke below the uptrend channel in Mar. See any rebound as an opportunity to unload on strength. Resistance is seen at $1.80-1.92.
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