CIMB probably trending down to 3.10 +/-. 21/May/23 CIMB probably start trending down completing wave E ( Red Circled ) of triangle...where it will probably completing its long term "base/foundation" for next level of CIMB's "High-rise Building"..
CIMB trade ideas
CIMBTechnical Reason:
downtrend structure
bearish divergence stochastic
Fundamental Reason:
potential domino effect towards the global financial bank crisis
invalidation level: closing above 6.10
journaling and crafting my long term direction analysis
*Strictly not financial advice. education purpose only
CIMB near ATH. 18/Feb/23.CIMB came closed to its all time high price @ 6.180....Rate hiking “temporarily” halted?..Or?...
CIMB : Sign of short term price peakAfter yesterday price & volume shows sign of rebound, today price traded higher allows some intraday profit.
However, the price up might resisting with low intention to markup further. This is because the price & volume intraday shows price is not moving higher despite high volume in. This might be the action to attract buyers with fear or missing out.
CIMB | Sign of rebound with volume in within the dayAfter a huge fall from last week, CIMB is showing sign of price bottom & price up with volume yesterday.
Although high volume in daily chart might scared some investors away. But the major volume created yesterday was done at the price bottom & maintaining the price at higher level.
CIMB VCP SETUP AGAINPreviously i shared CIMB VCP setup on Aug (link below).
After the breakout at Aug, price rally up to 18% till 20 Oct. Then the price went for natural reaction with below contraction:
C1: -8%
C2: -4%
C3: -3%
This region is tight and consider a low risk entry zone with overall risk around 6%.
Let's see if huge demand will come in and breakout strong or not.
Disclaimer:
Not a buy call recommendation, just technical analysis sharing based on chart pattern and technical indicator. Trade at your own risk.
<TradeVSA> Another Pullback Completed for CIMB ?Sign of Strength in the chart:
1. Green Pentagon in Daily & Weekly Chart
2. Pullback setup
3. Upbars high volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
CIMB Bullish Triangle maybe also done. 30/8/21By Breaking 4.880 CIMB price most likely have completed its bullish triangle pattern. And on its way trending up above Rm6.00
CIMB VCP SETUPBack in early June, i have shared CIMB VCP Setup, i believe the further contraction till now were due to market sentiment in finance sector still not recover.
Keep in watchlist with below contraction:
C1: -18%
C2: -13%
C3: -6%
Still yet to have any buy signal, just chart pattern sharing.
Disclaimer:
Trade at your own risk, not a buy call recommendation.
CIMB Bank medium Term Outlook. 30/6/21CIMB Bank Medium Term Outlook, We are possible in wave D (Yellow) of a triangle
CIMB Bank Big Pic. Possible in wave D (Red Circled). 30/6/21CIMB Bank now possible in wave D (Red Circled) of a triangle..
MONITOR BREAKOUT!!DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!!
It tried to breakout from its 52week high of 4.75 today but retraced back to 4.69, forming a doji. Currently it is in a nice and good uptrend with the MA20 acting as a trendline. However take note the RSI nearing overbought zone soon and it formed a doji today. There could be a possible minor retracement before it tries to breakout, OR it could also rally and breakout before it retraces, hence please trade wisely. Banker chips almost 50% with strong banker inside(dark red).
R: 4.75, 4.84
S: 4.59(intermediate resistance), 4.5.
*If you like my chart or if my chart has helped to guide you, please leave a LIKE and feel free to share your opinion!*
STRENGH OF CIMB TRENDTrend shown based on purple box will achieve 4.88 myr... hope for good news soon.
CIMB, VCP forming?CIMB, monitor for VCP formation. Wait for next squueze and breakout only enter.
MYX:CIMB
Change of patternCIMB looks like forming a cup with handle formation at first, but the handle is now way too long and it is almost like a double bottom now. Let's see if it can break the resistance of RM4.67. Noticed there have been multiple attempts to break this resistance but has been unsuccessful so far. Trend looks good for now. Let's see if it breaks out.
Dislaimer :
This is by no means a recommendation to buy. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
CIMB UNDER VCP DEVELOPMENTCIMB also developing a VCP but so far just completed 2 contraction.
C1: 18%
C2: 13%
C3: Pending
C4: Pending
CIMB is lagging behind Public Bank as Public Bank has completed 4 contraction. Can put into watchlist!
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
Buyable yet not attractive enough BUY
- Above 4.18 for a possible trend reversal
- Inverted hammer signified a possible trend reversal
SELL
- Make a tight SL within 4 – 5%
- The possible interest hike (US) will give a boost to it although OPR should probably remain the same for FY21
RATIONALE
- Trend reversal
- But not much meat can be obtained unless one goes for long here for div
**the analysis is solely for my own references and learning
CIMB possible cup and handle patternCIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern.
Looking at the financial sector / fbmklci, there's a possible rebound.
If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6
The supporting price is at 3.8.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
CIMB (MYX) - BullishGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
CIMB (MYX) - Bullish
CIMB - Rounding NorthwardCIMB
Theme: Finance/ Recovery
Rst: 4.66
Spp: 4.28
Support affirmed above Fibo Ext first tier at 4.28, RSI and MACD can be observed picking up as well, will facilitate the move towards coming Fibo level at 4.66
