(Bloomberg) -- Asian stocks are favored before a possible “breakout” on a chart comparing them with global equities, according to CLSA Asia-Pacific Markets. A graph plotting the MSCI Asia excluding Japan Index against the MSCI World Index needs to surpass resistance marked by the November 2007 and July 2009 peaks to signal further gains, CLSA analysts Laurence Balanco and Tiara Fontanilla wrote in a note dated yesterday. Failure to surpass that level may signal a “double top,” according to the note.
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