Monday, May 30, 2016

Cityneon: Momentum still seen, new high today as predicted several times last week......... price 0.765

Have kind of followed this counter with an email call to clients on almost every day last week….. see below

First when it was just approaching the resistance at 0.600 last Monday….

It seems like there was going to be a breakout soon so I was watching closely last Monday morning……

And finally, a move above the critical 0.600 resistance, of course with some specific criteria and price action that I was looking for….

So a call was issued….…..

A week has past and it has even crossed above the 0.700 resistance over the past few days and today even managed a move above the 0.75 temp consolidation resistance….

The questions is: Can it head towards the 0.800 target now as mentioned? 

What’s the level after that to take note?

Protect profits to those that have managed to get in last week..… J

Sent: Friday, May 27, 2016 9:29 AM
We have seen Cityneon traded to a high of 0.735 before some profit taking but so far still above the maintain above the 0.700 over the past few days. We are probably seeing a new higher range from 0.70 to 0.74 now where it may consolidate for a while before more upside. Any push above 0.74 – 0.75 can again see the uptrend continuing with target to 0.80. All moving averages pointing upwards with uptrend intact as long as 0.700 holds now. Stop loss can be at 0.685 for any long positions.

Sent: Wednesday, May 25, 2016 9:08 AM
Subject: ********** Cityneon: Seems like a further breakout above 0.700 on strong volume... price 0.71

Sent: Tuesday, May 24, 2016 9:32 AM
Subject: ********** Cityneon: A spike up yesterday, consolidation today normal, more upside still possible above 0.700, price 0.675

Sent: Monday, May 23, 2016 9:50 AM
Subject: *********** Cityneon: Attempting a move above 0.600... watching..... price 0.605

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