Credit Suisse employed Michael Stock to becomes the head of investment while CS stocks are in bearish reversal

UBS banker Michael Stock was employed by the Credit Suisse. Michael Stock becomes the head of investment banking and capital markets for Australia and New Zealand. As discovered by Street Talk Online, Stock can take the reins of Credit Suisse's investment banking team within the year having set to leap ship from Swiss rival UBS. Stock is is a managing director at UBS and head of the bank's financial sponsors and industrials coverage, and he is the best professional related to equity/media bankering.

By the way, this employment was make in the time when CS stocks are in global downtrend by the reversal from the primary bullish to the primary bearish market condition: the daily/weekly price is located between 100 period SMA and 200 period SMA for the ranging market condition waiting for direction. And weekly price is breaking 200 SMA for good possible breakdown to the primary bearish area of the chart.

The Strategy: watch close weekly price to break 26.44 level for possible sell trade.