Swiber: CIMB has Technical Sell Call. Note that price rebound recently has not been strong, forming a bearish flag pattern in the process. With prices now facing strong resistance at $0.605, house would not be surprised if prices reversed after a short test.
MACD is beginning to soften while its RSI has reversed after testing the 60-pts levels. A break below $0.52 would confirm that prices are heading to new lows, below the recent low of S$0.44. The stock is a sell, targeting $0.37-0.40 next. A breakout above $0.605 would suggest that bearish view is incorrect.
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