Monday, February 20, 2012

Malaysia KLSE Stock - CIMB Bank

For those traders who trade KLSE stocks, CIMB bank 's chart ($7.28) looks interesting to me. Looking at what happened for the last 12 month, this stocks reach it's second peak ard $9.00 in july 2011 and fall rapidly after that till it find its bottom at around $6.60 Oct 2011. Well, the above 2 lines are just introduction, the interesting part is the Moving average, using 10SMA, 50SMA and 100SMA Strategy the chart is telling us that the current price might be a start of a bull trend, and from the previous trend(July till Oct 2011) tell us that this stocks can be very trendy (sometime). Well, If you think this stocks is good, now might be a good timing. If you want to know more about this simple and effective strategy, you can feel free to contact me or email to yew.andy@ymail.com
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P.S I dont trade KLSE stocks, also note that overall market is in overbought position, trade at your own risk.
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