Artivision: CIMB has Technical Buy Call. Note that prices have consolidated sideways for the past 5-mths, forming a triangle pattern in the process. Prices pushed out of this consolidation last wk, with prices now holding just above the triangle resistance turned support levels.
Indicators are neutral to mildly bullish, which means that prices could come under some selling pressure in the near term. Expect prices to hold steady above $0.165-0.17 levels, which the 30-day and 50-day SMA currently lie. Recommend aggressive traders should only buy on weakness with a stop placed below $0.135, which is its 200-day SMA as well as its triangle support. This breakout could eventually take prices back up towards $0.215 and possibly even $0.24-0.255 next.
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