Sunvic: CIMB has Technical Buy Call. Note that prices may have fallen below its 200-day SMA recently but see signs of a revival here as well. Yesterday positive close on rising volume is also a positive sign. Both the MACD and RSI sport bullish divergence signals, suggesting that there could be a possible rebound on the cards.
Think that at current levels, risk of sell-down is low. Recommend one can go long here with a tight stop placed below $0.65. One can also place their stop below the recent low of $0.62 but prefer to be more cautious. Push past its 50- day SMA at $0.73 would mean that prices have the potential to reach $0.78-0.79 in short to medium term.
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