Friday, May 22, 2015

China Env - are we seeing a breakout above 0.180?

Let's watch ! now at 0.184, congrats to some who managed to accumulate on time.

Sent: Tuesday, May 19, 2015 11:11 AM
Subject: ******************* Potential Upside: China Env - resistance at 0.180 key, more upside above, price 0.179
China Env has staged a firm breakout yesterday above the 0.170 level with a reversal Bullish hammer candlestick pattern spotted 2 days back. Range would be from 0.174 to 0.180 now and a further breakout above 0.180 can pave the way to 0.190 then 0.200 then 0.265. At current level, has cleared above the 20 day MA line which can see more short term strength. Note that it has traded above the channel support upward sloping line since December last year which can show a general uptrend with slight dips and rebound. Stochastic and RSI pointing upwards on yesterday’s price action but more confirmation needed if it can stay above 0.180 now.

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