Yesterday, I stated in FB page, that CSL will find breakout soon with target of RM1.60.
After today trade, lets see what chart telling us.
1) I created 2 lines to represent the resistance and support line. After today trade, candle has broken the support line. Plus the candle also broke the previous support which is RM1.42.
2) The next support that we looking for is another lower support, at RM1.29.
3) Volume has been low for few weeks now. Sell down is getting slow now and we will wait for it to over.
4) Another indicator to support the bearish is, MFI, RSI, Stochastic, Wm%R & CCI. where all of them are falling down.
5) Parabolic SAR also started changing today. From bullish dote, it has changed to bearish dot. Hence, it showing another bearish signal.
5) Still, i dont think this share will bearish until crash. It is another good chance to collect at low before another strike.
6) The reason is on OBV & ACCU indicators. These 2 indicators still showing high and no sign of dropping. So, got chance to strike after sell down finish and buying momentum come again.
Finally, keep the bullet for this counter if you planning on buying. =D
No comments:
Post a Comment