A new high at 1.56 today…. More upside from here? J
Sent: Tuesday, January 05, 2016 12:41 PM
Subject: *********** Cordlife: Potential move above 1.50 after some consolidation, price 1.495
Subject: *********** Cordlife: Potential move above 1.50 after some consolidation, price 1.495
Following up from previous call, we have seen it hit a high at 1.50 before consolidating above 1.43 temp support level for about 2 weeks. Trend still looks positive with all moving averages pointing upwards firmly. Today, we have seen a move towards the 1.50 psychological resistance again, a clear breakout above this level and closing above can pave the way to a new high to 1.60 in the short term. MACD still positive above the zero mark and short term 20 day MA sloping upwards with price above strongly. Those looking to accumulate this upward trend stock can do so if it dips again near 1.43. As long as 1.40 – 1.42 holds as support, still positive.
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