Friday, July 15, 2016

CapitaR China Trust: Indeed a breakout occured, even the 1.60 gave way as well...... price 1.61

Have seen a firm move above the 1.55 level with a potential breakout note sent on Wednesday!!

Pretty fast, let’s see if the 1.60 holds for now…

Still good above 1.60 IMHO…..

Where is the level to take profit……? 

Find out as a client or student!!  :)


Recent Email Call:

Sent: Wednesday, July 13, 2016 10:47 AM
Subject: ***********CapitaR China Trust: A potential breakout play.... more confirmation required.... price 1.54
CapitaR ChinTrust has been trading below the 1.55 resistance which has been capping it since August last year. Has tested a few times but were all unable to have a firm break through. We are seeing it approach the 1.55 key resistance level again over the past few days. A potential breakout play and we may ride if we see certain price action. If not, note that it can also retrace back down to 1.45 support like previous where one can consider to accumulate again.

No comments:

Post a Comment