CK : 7.50-7.75 support within sight.

A prolonged stay below its 200 day EMA of 8.24 would not be a good sign for CK, and would suggest a pullback to nearer 7.75 if not 750 is in store for the counter.

What’s needed is a snap rebound with a strong weekly close above 8.80, but for the time being downside risk looks more compelling.

 

 

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