JMCaso_Capital

Buy Opportunity For Cadbury

Long
NSENG:CADBURY   CADBURY PLC - NIGERIA
CADBURY
Earlier price made a lower low but the RSI(14) made a higher low, showing a bullish divergence. Price rallied up briefly but couldn't break past 18.40. Now it is bounced off the 52W Low. I expect price retest the most recent low of 7.04 or get close to it. When that happens, that would present a good long opportunity. We might see some side-upward movement but I will be setting my Take Profit at 40.00. Let's see how it plays out in the coming months.
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