CSL FINANCE LTDPanjang
CSLFINANCE - Weekly Chart Analysis
After breaking out of the previous all time high level of 307 it went into the consolidation of 13 weeks and finally showing strength and closed this week with almost 9% gains.
Ideally shall wait for it to close and sustain above 350 levels.
It has broke out and re-tested those levels and showed strength thereafter.
Stock is trading above all its key moving averages.
271 shall act as support now. Weekly close below this shall invalidate our view.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Ideally shall wait for it to close and sustain above 350 levels.
It has broke out and re-tested those levels and showed strength thereafter.
Stock is trading above all its key moving averages.
271 shall act as support now. Weekly close below this shall invalidate our view.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Penafian
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