Wednesday, June 1, 2016

China Aviation: Consolidation in an uptrend.... still good to go above 1.00 ?

From previous call, we have seen China Aviation maintained above the 1.00 psychological support level for about a week now.

We are seeing some resistance at 1.05 – 1.06 which is normal given the rise we have seen. As long as 1.00 holds as the support now, uptrend still intact in the short term.

Those who have taken profit can also accumulate some on dips above 1.00 if it holds for a potential rebound and a further breakout above 1.06.

From my system, there were 1ET and 1GT Bullish signals in early April before an exit and a re-entry again.

21.3% gain and counting....

So far still no exit yet.... let’s see how far this thing can go....

Sent: Thursday, May 26, 2016 9:22 AM
Subject: ************ China Aviation: Further breakout seen above 1.00 now, price 1.025, more upside above now.

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