CIMB may rebound after holding above the recent support of RM7.30. A purchase can be made above RM7.40, with a close below RM7.30 as a stop-loss. The price target remains at RM8.50, provided that the recent high of RM8.00 is violated. Failure to stay above RM7.30 will likely see the stock lower. Supports are seen at RM7.15 and RM6.85.
Source: OSK
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