re tech analysis cza1 Feb 2013 01:09
g'day randyoldman
thanks for the heads up on cza - i am a pom living in oz and always on the lookout for uk stocks to invest in so had a look at the chart - am new to ta so would value your opinion on my findings
pro's
good base formed and now trending up,15 and 30 day ema has crossed and is above both,obv is trending up.volume has declined during this short consolidation period,a bullish ascending triangle has formed
cons
macd signal has crossed down,rsi just on o/b,resistance is around 30 p
looks like a good s/t trade if it breaks above 24p with volume
aqp chart looks bearish to me with a descending triangle formed - def needs to hold above 60p support
cheers filbertstreet