Thursday, April 2, 2015

CNA: Breakout INDEED OCCURED ! now 0.028

As per trading call on Monday, have indeed seen a clear breakout on TOP 5 volume today with a high at 0.029. Where to now? Can it cross above our first target at 0.030.

Sent: Monday, March 30, 2015 10:01 AM
Subject: ********************* Potential Breakout: CNA - Resistance at 0.025, only a breakout above can see more strength. price 0.024
CNA has been trading below 0.025 resistance for more than a month already and today we have seen some reactions above as it attempts to break above 0.025 on top 5 volume. There can be a rebound back to 0.030 then 0.036 if it can clear and stay above 0.025 in the coming days. However, note that downtrend still intact with all moving average pointing lower, short term play on momentum with MACD indicator staging a crossover bullishly .

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