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CAL Securities Technical Analysis

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CAL Securities Technical Analysis

Post Antonym Thu Mar 07, 2013 3:03 am

From a long term point of view CAL’s technical interpretation of the All Share Price Index is positive as long as the pivot low of 5323 is not broken. This is the December 2012 low and if the market violates this level on a closing basis, then we feel that the market will retest June/July 2012 lows of 4800 levels. A downtrend line dating from the February 2011 high will provide long term support at 5500 levels.

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