Round Hedge Stock Research

Technical View - CIMB Group Holdings Berhad

roundhedge
Publish date: Tue, 03 Jul 2018, 12:31 PM
Round Hedge Stock Research Reports

CIMB Group Holdings Berhad 

  • CIMB share price has fallen 17.28% YTD to RM5.41 from RM6.54.
  • Share has been oversold amidst the prevailing bearish broader market. This is likely due to slew of management changes amongst GLCs, nevertheless fundamentally CIMB remains sound.
  • The stock is oversold and may stage a technical rebound. Meanwhile, downside support levels are at RM5.35 (S1) and RM5.19 (S2). 

Source: Rakuten Research - 3 Jul 2018

Related Stocks
Market Buzz
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment