Wednesday, March 12, 2014

5071 COASTAL

Coastal 12-3-2014

After it achieved high of 4.80 on 20/8, it retraced nicely 23.6% to 4.12 on March 3rd for wave 4.
Chart wise it looks like wave 5 is processing with final TP around 5.90.

Share price will scale higher if it manage to break 4.85. Long term resistance pointing at 4.92.
Depending on market sentiment, buy on strength if it manages to crack 4.92.




Disclaimer:  The chart is for educational purpose only. If you decide to take position, please consult with your remisier!

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