Wednesday, 30 Nov 2011. CIMB – Stock Pick

CIMB ( 1023 : 7.04 ) : Targeting 7.58
Description
Resistance : 7.35 7.58 7.86
Support : 6.84
RSI of 48
RSI is rebounding
STOCHASTIC
It is turning upwards
TREND INDICATOR
Down
Comment
With oversold technicals, it is in for some recovery to possibly 7.58
Trading Strategy
Buy. Stop loss is at 6.84