Friday, April 1, 2016

Sino Grandness: Seeing a move above 0.700 psychological resistance as mentioned?

Where to now??? Price 0.725 !

Sent: Tuesday, March 29, 2016 5:01 PM
Subject: ************ Sino Grandness: Consolidating below 0.700 for now, momentum may return above 0.700 again, price 0.695
From previous call, we have still seen Sino Grandness consolidate in the range of 0.65 to 0.70 but still unable to cross above the 0.700. Today, we are seeing it near this psychological resistance level again. Any clearing above 0.70 can pave the way to 0.75 then 0.80 with the short term trend further pushing its way. All 3 moving averages looking positive with MACD also pulling away from the zero mark positive, with more legs to the rally above 0.700 expected.

Sent: Thursday, March 24, 2016 12:43 PM
Subject: *********** Sino Grandness: A move above 0.65 resistance a short term positive still, price 0.67
From previous call, we have indeed seen a breakout above the temp 0.65 resistance level. Momentum still seems strong above the 0.65 new support level now, with a near term target at 0.700 likely. It may consolidate in the range of 0.65 to 0.70 before more upside especially if the 0.700 clears out as well. In any case, please raise stop loss so as to protect profits on any reversal J Scroll down to see the profits you could be seating on if you had entered in Feb at 0.425…. J what a run seen.

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