adamkhoosk

CIMB VCP SETUP AGAIN

Long
MYX:CIMB   CIMB GROUP HOLDINGS BERHAD
Previously 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.

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