Friday, April 8, 2016

Wing Tai: Pulling away from 1.80 support ? now at 1.84

Let’s see if it can touch 1.90 in the next few days…. Spotted yesterday morning….

Sent: Thursday, April 07, 2016 11:34 AM
Subject: *************** Wing Tai: Breakout above the consolidation resistance at 1.80, more upside momentum likely above... price 1.82
Wing Tai has consolidated below the 1.80 psychological resistance since August last year and today we have seen a move on above average volume above the key level. This can put an end to the consolidation with target at 1.90 then 2.00. Short term trend upward as long as 1.80 holds now with 20 day MA line also crossing above both 100 and 200 day MA line recently. Stop loss at 1.785 for any long positions.

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