Some profit taking seen as soon as it nears 0.65, where to now??? Now at 0.625
Sent: Monday, April 18, 2016 9:24 AM
Subject: *********** China Everbright: A further breakout above 0.600 seen, more strength above still, price 0.615
Subject: *********** China Everbright: A further breakout above 0.600 seen, more strength above still, price 0.615
From previous call, we have indeed seen China Everbright break above the 0.60 psychological resistance level which has now turned support. With this level holding now, we can still expect more upside towards 0.65 then 0.70. Those who have already locked in some long positions last week, please raise stop loss to protect profits.
Sent: Friday, April 15, 2016 2:33 PM
Subject: *********** China Everbright: A breakout above 0.55 resistance can see a new upwards momentum. Price 0.565
Subject: *********** China Everbright: A breakout above 0.55 resistance can see a new upwards momentum. Price 0.565
We are seeing a move above the KEY 0.55 resistance level as mentioned last week. Any closing above 0.55 now can see a new upward phase towards 0.60 then 0.70 as mentioned. Strong volume seen on today’s move, stop loss can be at 0.54 for any long positions. As long as 0.55 holds as the new support now, we are short term bullish with a reversal still possible.
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