CMA

CMA: technical outlook is weak, with share price extending its slide, and the indicators tipped downwards. RSI and Stochastics have just dipped into oversold territory, and have not shown signs of reversal. Expect any upside to remain capped, as the shares trade below all three moving averages. See resistance at $1.90 (50day MA). On continuation of the negative momentum, the counter may see further downside to the $1.70 support level.