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Trade 4: CSBBANK

 Buy CSBBANK with a stop of 220

BUY = 255

STOP = 220

TARGET 1 = 300, TARGET 2 = 330+


Daily Chart of CSBBANK



Why CSBBANK is a buy?


This stock was trading in the range of 215 to 235 since mid-August, 2020. On November 6, this stock closed at 255. Thereby giving a breakout. 


This breakout is backed by a solid consolidation of about 3 months. This stock can be expected to touch a level of 300. At the level of 300, it may further consolidate before moving again upward. Our second target is 330+.



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