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Tuesday, 12 July 2016

CIMB Bank: 12 July 2016, Tuesday, 8.05am Singapore Time

CIMB Bank: 
12 July 2016, Tuesday, 8.05am Singapore Time

Attached above is the technical analysis of CIMB Bank, a component blue chip component stock of the KLCI Index.
1. Ending of the triple lines of reverse bump-and-run
2. Capitulation
3. Red volume bar that is a buy and not a sell by the big hands and smart monies in the market 
4. High volume absorption by the market
5. Bullish rally is coming for CIMB Bank
6. Expected to rally for the rest of 2016 and 2017.


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