Thursday, May 10, 2012

Technical Analysis May 2012: CSL (5214)


CHINA STATIONERY LIMITED

Observation from Chart:-

CSL keep consolidate at RM1.46 level.

Will it rebound?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K already trigger BUY call.

High potential will break through MA20 resistance level.
Subsequent resistance, RM1.82 level.

If retrace down, immediate support @ RM1.46 level.

Let watch closely.

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