China Animal Healthcare: CIMB has Technical Buy Call. Note that stock broke out of bullish wedge pattern on Fri. Trading vol also surged, which increases odds of successful breakout. Prices also closed above 50-day SMA, which is positive. Technical landscape is improving, via a bullish divergence on both indicators. However, MACD could be faced with resistance as it test the zero line. RSI looks healthy at 60pts…..
Expect prices to test its 200-day SMA at $0.32-0.325 in the not too distant future. Recommend aggressive traders should buy now with a stop placed below $0.265.
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