Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Friday, August 27, 2010
CSCL again (2010-08-27 CSCL analysis)
The weekly chart of CSCL shows a very typical breakdown.
Of course if the price could be back to around 2.85 today, it would be a false breakdown. But it looks very unlikely. If breakdown confirms, next support is at around 2.29 which is the 1-year low.
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