CIMB may well rebound after bouncing off the RM7.15 support level. A purchase can be made on a close above yesterday’s high of RM7.45, with a close below RM7.15 as a stop-loss. The price target is RM8.50, provided that the recent high of RM8.00 is violated. Failure to stay above RM7.15 will likely see the stock lower. Support is seen at RM6.85.
Source: OSK
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