Monday, May 25, 2015

Pacific Century: Breakout seen above 0.45, price NOW 0.46

A breakout spotted again after call issued last Thursday! Take profit now?

Sent: Thursday, May 21, 2015 9:51 AM
Subject: ************** Pacific Century: Uptrend intact, further breakout above 0.45 likely, to continue the ride above 0.400.... price 0.44
Pacific Century has seen a slight profit taking 3 weeks ago and has since stabilize around the support at 0.39 – 0.40. Over the past week, we have seen it rise steadily above this support level as it gradually head towards attempting a breakout above the 0.45 level which was the higher set at the end of April. 20 day MA line still sloping upwards with longer term MA also firmly pointing upwards. May continue to consolidate in the range of 0.40 to 0.45 before we see a further upside breakout above 0.45 to target at 0.50 in the short term . Can average up on this while raising stop loss to 0.435. Stop loss at 0.385 now for any long positions within range.

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