CIMBT : Down but not out.
February 28, 2011 Leave a comment
CIMBT will only really be of interest when it eventually musters the support to rally above 3.74. It may take months or even years to do so, but like a great number of stocks in Thailand, there are very long term patterns to analyze, which usually result in a major rally when the breakup move comes.
For now CIMBT has support at 3.04, 2.90-2.92 and again at the recent low of 2.84.
VST resistance is seen from just 3.10-3.12 with a major barrier at 3.20