GMG: CIMB has technical Sell Call. Note that prices continued on its downtrend and prices remained below its moving averages. The recent breakdown of this downtrend channel would likely suggest that selling pressure is rising. Indicators are facing their respective resistances, which could potentially see reversal in prices soon.
Aggressive traders would be better off shorting now with a stop placed above $0.25, the middle band resistance. Prices could soon reverse and test the $0.189 levels again once the $0.22 support breaks.
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