Friday, April 15, 2016

China Everbright: A breakout as mentioned previously???

Where to now? High at 0.57 seen today J Let’s see…

Sent: Friday, April 08, 2016 9:38 AM
Subject: *************** China Everbright: Potential breakout above 0.55, in watch list... price 0.53
China Everbright has traded upwards over the past 2 months and supported above the channel support line. We are seeing it near the 0.55 key resistance again which it has traded below since Jan. Any move above 0.55 which also coincides with the 100 day MA line can signal a potential reversal back to 0.60 then 0.70. Volume building up at 6 times above average as it approached this resistance which is good to note, watching…. Can consider entry on a firm breakout if volume persists.

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