Wednesday, December 23, 2015

Cordlife: Can it cross the 1.50 psychological level?

Some volume seen again as it pushes to new high…. Now at 1.485 ;)

Sent: Tuesday, December 22, 2015 12:18 PM
Subject: ************* Cordlife: Testing previous high... more upside above, may consolidate more before a convincing breach... price 1.45
Cordlife has been inching up gradually over the past few days and it is now back to the previous key resistance at 1.45 – 1.46 level in September. Has consolidated above support at 1.35 before a move upwards back to resistance. May continue to trade within a new range of 1.40 to 1.46 before we see a clear breakout with target to 1.50 then 1.60. Uptrend in the long term looks strong with all moving average pointing upwards and short term MA above longer term MA. MACD trending upwards above the zero mark which can see more momentum if the 1.50 gets taken out eventually. One of the few uptrend stocks to consider as long as major support holds.

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