Levels to watch (2010-08-18 CSCL analysis)

On 15-Aug, I made an analysis on CSCL (2866.HK). If you have followed my post, probably you have bought it at around 2.96 (Close price on Monday). And now there are a few levels to watch out.



Around 3.1 is the next resistance. Once it breaks, it is likely that it will surge till 3.39. For those who missed the chance last time, this is the level you have to look at.

If the price is resisted at this level, the support is at around 2.90. Break of this level is the signal for us to stop loss.