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Sunday, March 23, 2014

Case Study: CMA

CapMallsAsia (CMA) Setup for rebound:
1. major support at 1.69, (resistance turn support, way back yr2012)
2. Bullish reversal candlestick pattern
3. MACD Bullish divergence
Immediate target will be the downtrendline at 1.75.

Caution to note: CMA in downtrending, if break below support 1.69 must cut( can give some margin)

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