China Animal Healthcare Ltd. (“CAL”) seems to be on the verge of completing a double bottom formation, if it can break the neckline at $0.280 with volume expansion. For the uninitiated, CAL has three main business divisions outlined in Table 1 below. Table 1: Outline of the respective business divisions S/No Business division Percentage of FY10 revenue Remarks a) Powdered drugs 69.6% Usually for poultry such as chickens as they have no taste buds. Marketed through its extensive retail network. b) Injection drugs 5.7% More applicable for livestock such as pigs, cows and sheep. Marketed through its extensive retail network. […]