So far, CIMB has successfully recovered its ground after fencing off the 2 previous attempts by the bear in a test to the 50-DMA support. Let’s see if this being the case this time…today’s close is crucial.
Tuesday, December 22, 2009
CIMB…Watching Market Leader for Market Signal
CIMB…Watching Market Leader for Market Signal: "Being a leader in this rally, CIMB’s next move is worth a watch in providing guide as to the market direction. FBM KLCI and CIMB have had very close price correlation in this rally.
So far, CIMB has successfully recovered its ground after fencing off the 2 previous attempts by the bear in a test to the 50-DMA support. Let’s see if this being the case this time…today’s close is crucial.
"
So far, CIMB has successfully recovered its ground after fencing off the 2 previous attempts by the bear in a test to the 50-DMA support. Let’s see if this being the case this time…today’s close is crucial.
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