CSL
- Previous analysis was done on 2 Sep -> suggested half entry around 307 levels if comfortable with overhead resistance zone
- Recent price action has seen the stock nicely rebounded of the counter-trendline -> This is significant as the counter-trendline used to be a resistance (red arrows) but has now become a support (green arrow)
- Be mindful of overhead resistance zone and suggest to manage risk by entering half position
- Topping up remaining half position after overhead resistance is broken
- If missed previously suggested entry around 307 levels, current price still presents some opportunities
- R is below 10%
- Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone
- Previous analysis was done on 2 Sep -> suggested half entry around 307 levels if comfortable with overhead resistance zone
- Recent price action has seen the stock nicely rebounded of the counter-trendline -> This is significant as the counter-trendline used to be a resistance (red arrows) but has now become a support (green arrow)
- Be mindful of overhead resistance zone and suggest to manage risk by entering half position
- Topping up remaining half position after overhead resistance is broken
- If missed previously suggested entry around 307 levels, current price still presents some opportunities
- R is below 10%
- Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone