This week share market volume has hit 3 bil with lower liner and ace counter taking lead on top volume counter list. There is also a lot of movement on blue chip counter such as Bursa and Public bank but not CIMB. CIMB has only just started to move with a small pace. CIMB recently just hit the bottom on 30 jan 2012 with price of RM6.85. This counter only started to move up which closes at 7.21 on 10-FEB-2012. This is just a gain of 5% on from the bottom of RM6.85. From the candlestick chart and RSI chart show that CIMB is just started on the move and still on the uptrend
To make maximum capital gain on CIMB, it is best to invest on its call warrant CIMB-CQ and CIMB-CR. These 2 call warrant only friday close at 0.115 and 0.12sen which worth buying with expire date on SEP-2012 and Dec-2012. With current rally on the market and previous highest close on CIMB on RM9.00. This round CIMB can easily hit RM7.50 to RM7.80, with call warrant can easily reach 0.15sen. This will make up a 40% gain on the call warrant with current closing. So is this worth jumping into ? You should decide.
Happy investing to all.
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