Tuesday, April 12, 2016

Fu Yu: Pushing higher as per yesterday's call..... what now..... price 0.22

Are we seeing a firm breakout already???

Sent: Monday, April 11, 2016 10:31 AM
Subject: ******************** Fu Yu: Potential Breakout above 0.21 - 0.22 to multi year high can see Renewed momentum.... price 0.205
Fu Yu is now back to the multiyear high resistance at 0.21. It has tested this key level in July last year but failed to cross above. Any firm move above 0.21 – 0.22 can see a new upwards phase towards 0.25 then 0.30. 20 day MA line has been sloping upwards firmly over the past few weeks as it formed higher highs which can signal a short term uptrend in progress. Let’s see if the breakout can also soon, volume building up on this move with more than 4 times above average volume spotted today. Watching.

No comments:

Post a Comment