Sino Grandness: CIMB has Technical Buy Call. Note that recent pullback dragged prices towards the wedge support but the bulls have since made a comeback. The candles bounced off the $0.445 low to move above its 200-day SMA, suggesting that a temporary bottom could have been formed…..
MACD histogram bars have returned to the black, suggesting that selling climate has tapered off. RSI too has hooked upward. Recommend Investors who got in near the $0.445 low may continue to hold on to their position. Once the 30-day SMA is taken out, prices are likely to swing towards $0.505-0.51, before heading towards $0.53 next.
No comments:
Post a Comment