DMX: CIMB has Technical Sell Call. Note that Prices are still in a downtrend as prices are still sitting within its channel. The moving averages is also proving to be a hindrance for prices since the April highs.
At the moment, the indicators are starting to weaken. Its MACD has turned down after testing the zero line while its RSI failed to breakout above the 540-60pts levels. Believe that the downtrend is likely to continue in the near term. A break below $0.23 would suggest that prices are likely heading below $0.21 to $0.18-0.19 next.
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