Monday, August 19, 2013

***** Short Term Trading Buy: CNA. Share price 0.235. (1 week consolidation phase cleared)

CNA has consolidated for about a week from 0.200 to 0.225 and has broken up 0.225 immediate resistance level last Friday. Today we have seen it traded higher to a high of 0.245 and currently at 0.235. Support now remains at 0.225.  Still supported above this level today a well. As long as this support holds, possible for it to trade higher in the near term to a near target of 0.27 then 0.300. Currently at TOP 10 volume and momentum still strong. Aggressive traders can consider averaging up further on the break of 0.245 now.
Strict stop loss at 0.215 nevertheless.
 

No comments:

Post a Comment