CIMB Chart Turn Bearish If 8.80 Level Not Been Broken In Short Term

CIMB price dip below RM8.40 with high vol have mark a turning point from bullish to bearish. After a long bull run, CIMB investor is taking out they profit may be need to use in coming election. However if in short term CIMB price can move up back to RM 8.80 level, the big dip into RM8.40 may be a panic accumulation for the big money.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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