F&N: CIMB has Technical Buy Call. Note that the current sharp rebound has triggered house stop loss at $5.95. With the breakout, believe that the trend, at least in the short term to medium term, has turned slightly bullish.
With its MACD and RSI starting to turn upwards again, think that this breakout could be sustained. However, in the immediate term, there could be a pullback to retest the resistance turned support line or even the moving averages. Aggressive traders should only go long on weakness, preferably near the moving averages. Once this pullback is over, see another run to $6.35-6.50 again. A break below $5.30 would signal that the bear has resumed.
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