Monday, March 14, 2016

Sino Grandness: Indeed a move above the 0.500 resistance..... now at 0.535

Can it cross our first target at 0.55 today? Volume looks good  J

Sent: Friday, March 11, 2016 2:23 PM
Subject: ************** Sino Grandness: Potential breakout above 0.50 next.. price 0.495
Sino Grandness has broken above the key 0.45 -0.46 resistance level that it has maintained below for about 3 weeks. The above average volume can mean something with it touching the psychological 0.500 resistance. Range is now raise from 0.45 to 0.50 now and it may consolidate within this range before more upside above 0.50. With 0.50 clearing further, we can expect a move to 0.55 then 0.65 with 20 day MA line still pointing upwards firmly and price maintaining above. 10 day MA line has also crossed above the longer term 200 day MA which can signal a potential longer term reversal. Let’s see if 0.500 clears out again, where we may take more long positions to ride.

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