Sunday, August 8, 2010

C&O Pharm 6-Aug-10 (Buy)

Long term uptrend since Apr'09 (Purple line). Forming a short term ascending triangle (Blue line). Days of strength in the prices have been supported by good volumes (Blue circles).

Ex-dividend [$0.028 (7%)] date on 26-Aug-10.

Possibility of breaking $0.43 resistance line in anticipation of dividend payout.

Entry Price: 0.42
Target Price: 0.48 (15%)
Stop Loss: 0.39 (7%)

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