Why would I choose to analyze this stock? Firstly, I found some interesting pattern for this stock. Also, I discovered that while HSI was rising everyday, this sector (shipping) actually did not rise much. Comparing with the other stocks in shipping sector, such as China Cosco (1919.HK) and Pacific Basin (2343.HK), I found a greater potential of big rise for CSCL.
Seeing the above chart, CSCL price was fluctuating around the 23.6%-line (shown in blue dotted line) using the maximum price in 2007. We can see that there is an obvious pennaut. When comparing with performance of other stocks in Hong Kong, I would predict a great rise after passing the triangle. The potential rise would be to more than 3.6 which is near the previous high.
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