Can it head towards the 9.00 level now ?
Sent: Monday, April 4, 2016 4:19 PM
Subject: ************ CityDev: Potential breakout above 8.50 further, raise stop loss, price 8.41
Subject: ************ CityDev: Potential breakout above 8.50 further, raise stop loss, price 8.41
Following up from last week call, we have indeed see CityDev trade higher and looks set to head and test the 8.50 resistance level as mentioned. There may be some selling pressure as it approaches there so can also consider taking some profit first. Raise stop loss to protect profits and possible to leave more long positions for the ride above 8.50 if it breaks upwards further with target raised to 9.00 then 9.50 on this move.
Sent: Wednesday, March 30, 2016 10:39 AM
Subject: ************ CityDev: Breakout seen above 8.00 a good sign for reversal, price 8.12
Subject: ************ CityDev: Breakout seen above 8.00 a good sign for reversal, price 8.12
From previous call last week, we have indeed seen a move above the key resistance at 7.90 clearing out and even the 8.00 psychological resistance taken out as well. Strong volume seen on today’s move where we can expect more upside towards 8.50 now. Raise stop loss for those that have already lock in some positions previously. J As long as 8.00 holds now, we are short term bullish with a break out above 8.50 a good sign for more upticks.
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