China Animal: CIMB have Technical Buy Call. Note that the stock may have temporarily found a low at $0.21 in August. Prices took out the resistance trend line that has kept prices on a downward trend since December 2010. Both its MACD and RSI are in bullish mode, which suggests that the bulls still have some fuel left in its tank.
As the RSI is not yet overbought, there is still room on the upside. Any weakness would be seen as a chance to get in long as long as the downtrend resistance turned support line at $0.225-0.23 is not breached to the downside. The upside resistance is at $0.265 and $0.285, its 200-day SMA.
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