DMX: CIMB Has Technical Buy Call. Note that share price has formed a bullish wedge pattern, howevr believe that stock is now ready to breakout of its bullish wedge resistance. See a triple bullish divergence here on its MACD and RSI. Yesterday’s long white candle could possibly signal that the stock is on the verge of rallying.
Recommend traders should buy now to hop onto this impending breakout run. A breakout above $0.34 would mean that prices are likely to climb towards $0.375-0.38 next, where its 200-day SMA currently lie. The following resistance is at $0.405.
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