CIMB has a bullish breakout
CIMB broke above its medium-term downtrend line at RM7.20 on July 21. Yesterday, it broke above its April 5 high of RM7.41. With these double breakouts, CIMB is continuing on its prior uptrend.
Chart: CIMB's daily chart as at July 26, 2010 (Source: Quickcharts)
Based on the technical breakout, CIMB is a trading BUY.
Chart: CIMB's daily chart as at July 26, 2010 (Source: Quickcharts)
Based on the technical breakout, CIMB is a trading BUY.
Date: 2010-07-27 09:08:00
Source: CIMB has a bullish breakout
URL: http://nexttrade.blogspot.com/2010/07/cimb-has-bullish-break...
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