CIM is in the zone for continuation higher still has some work to do

Potential Buy Alert

 

CIM – Cimic Group Limited

Stock : CIM – Cimic Group Limited

Current Price  : 38.99

Status : Watching for minor higher low to build

CIM is in a prime position to hold a higher low for continuation up. We would ideally like to see buyers step in to push price up to 39.50 and then a higher low to build from there for the move. We may have to see some further contraction play out but one for the watchlist.