CPF : Hitting targets as forecast
March 17, 2011 Leave a comment
On Feb 22 we gave 24.30-24.50 as the next target for CPF, which at the time was at 23.70, and on March 8th we gave you 25 as the target, and noted that 25.25 was seen as a strong resistance.
The stock may need a short period of time to pass 25.25, with 2460-24.70 now its first support, with 24 a stronger level. The last resistance before blue skies if 26 to 26.75, and we feel it will not be too long before the stock surpasses the August 2010 high and starts the journey to our long term target given on this blog on Feb 9th at 45 to 50.