Even the 0.110 resistance cleared today on strong volume….
Sent: Monday, March 07, 2016 9:25 AM
Subject: ************* Nam Cheong: Still supported above 0.100 in wait of a strong move, let's see, alerts set.... price 0.105
Subject: ************* Nam Cheong: Still supported above 0.100 in wait of a strong move, let's see, alerts set.... price 0.105
Nam Cheong has seen more than 3 time above average volume today again as it approached the resistance at 0.108 – 0.110. This was the recent high form last week as it underwent some profit taking but the support at 0.100 seems to be holding well for now. Any further move above 0.110 can pave the way to a new high and confirming an end to the consolidation phase since Jan, with short term target at 0.116 then 0.120. Alerts set.
Sent: Wednesday, March 02, 2016 9:33 AM
Subject: ************** Nam Cheong: Potential Breakout above 0.105.... price 0.103
Subject: ************** Nam Cheong: Potential Breakout above 0.105.... price 0.103
Nam Cheong has been consolidation below the 0.105 resistance level for more than a month already and today we have seen some heavy volume again as it approached the 0.150 KEY RESISTANCE level. Any firm breakout above the 0.105 can put an end to the consolidation with short term target to 0.110 then 0.115 first. Indicators are looking at a slight reversal but more price action confirmation required. Alerts set J. Stop loss at 0.102 on a firm breakout.
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