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[CIMB] Need help. Can someone decode TA chart of CIMB(1023). Your help would be much appreciated.

I need technical analysis explanation of CIMB TA chart. How to spot the strength of the stock and the weakness of the stock via volume and price.

What messages the MACD and RSI could give?

I am a newbie in stock investment. I read few books discussed in both fundamental and technical analysis.

Veterans here, I really need you help. Thanks so much in advance.
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Maybe perhaps you should try looking into fundamental first before going more detail into technical... fundamental like pe ratio, roe, roi, eps.... technical wont give u much insight on the company..
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@puakeng, since you mentioned about volume, price, MACD and RSI, I think you already have some idea what technical analysis is about.

I would suggest you to share with us your analysis/views based on what you see from the charts. Forming your own opinion and learning from your own actions is, in my opinion, much more profitable. :)

Plus, no cost, no damage, no harm trying.
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Actually, I have no ideas of how to decode the messages of the chart. However, I strongly believe that a person would only be a winner in stocks investment if he understands well in both fundamental and technical analysis.
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yea.. u are right too.. u dont need to know all the technical indicators to be a successful investor.. just know the basic... like macd, rsi, adx and also moving average..
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Since you are a newbie in investment, you should first gauge your risks. How much are you willing to risk in any investments. Then you should plot your time frame for your ROI. Finally you should ditch most TA stuffs and fundamental stuffs that you have learn and concentrate on just a few (3 steps)stuffs (the most basic)

1) follow the trend, easy cause its either up, down, sideways. Buy only when the main trend goes up, sell when it reaches your target, always have stop loss to protect profits and losses.

2) Checks the balance sheet of the company for past 4 quarters, if its making money and increasingly so, then its a good bet. (make sure the trend is up and the company is making $)

3) Repeat part 1 and 2 and continue making money.

simple right? cheers and happy trading.
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Thanks for your valuable advice.
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