********* Potential Upwards Reversal: CNA Group. ( Can the 0.128 and 0.130 clear ?)

Posted to our clients this morning when CNA was 0.124… TESTING 0.130 NOW !

Sent: Monday, February 24, 2014 12:07 PM
Subject: ********* Potential Upwards Reversal: CNA Group. ( Can the 0.128 and 0.130 clear ?)

 

CNA has been trading below 0.128 resistance level for more than a week. High seen today also at 0.128 where it tested on TOP 20 volume but to no avail. Range is currently from 0.118 to 0.128. Any breakout above 0.128 and 0.130 can see it move higher to 0.140 to 0.160 level (200 DAY MA). Note that a breakout above the 0.130 also signal a move up above the 20 DAY SHORT TERM MA which will serve as a short term uptrend confirmation also.

Stop loss at 0.116