CGS : Swing trade target at 1.30, then 1.46

CGS has some support at 0.99-1.00 and a stronger level at 0.94-0.95. It may come of a tad if market wide profit taking is seen over the course of the next day or so, but we think it has a good chance to rebound above the Oct 2010 high at 1.14 and process to 1.30 or so, and possibly to 1.46

Entry a tad below 1.00 looks worth the risk to us, and there will always be a follow buy punt to consider when it eventually musters the requisite flows to break out above 1.14


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