Thursday, 6 September 2012

CSL ( 5214 : 1.14 ) : Take profit

Description

Resistance : 1.18
Support : 1.02

RSI of 55
RSI is neutral

STOCHASTIC
It is overbought, and turning downwards

Comment
On the buy call of 10/8/2012 at 1.02, we are recommending to take profit at 1.13, as technicals are approaching overbought indicating a pullback


Trading Strategy
Take profit

Source:Jupiter Securities Reasearch 06 September 2012

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