Monday, July 1, 2013

*** Trading BUY: Cordlife. Share price 0.965. (Lifted consolidation phase above 0.95)

Cordlife has consolidated below 0.95 for about 3 weeks after the huge sell down on 10th June 2013. Finally have seen strong volume currently and break out above 0.95 consolidation phase. Have also broken out above SHORT TERM  20 DAY MA. Target to 1.00 in the near term. A break above 1.00 can see it go to 1.10 next. As long as 0.95 remains as new support, bullish in the short term and rebound back up possible.
Stop loss at 0.935 

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