Friday, January 22, 2016

Cordlife: More strength from here? .... price 1.60

Wow… target hit at 1.60…... few counters like this in this market…..  J

Sent: Wednesday, January 20, 2016 10:18 AM
Subject: ********** Cordlife: Breakout above the 1.54 resistance can see more strength, uptrend intact. price 1.55
We have seen this counter trending upwards firmly over the past week despite market weakness, and today we have seen it break to a new high above the 1.54 resistance level. This can start to see some upward momentum when the market start to strengthens. Longer term moving averages still pointing upwards firmly with more buy ups seen on dips and with it supported above the channel support line since November. As long as 1.50 remains as the key support level, we can still more upticks towards 1.60 then 1.70. One of the few up trending counters that you can consider for long in this weak market where most are clearly trending downwards.

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