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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