Potental Breakout: Pacific Century: 0.325 resistance critical...... price 0.32

Follow up from previous breakout calls, Pacific Century has indeed broke above the 0.27 resistance in January and headed to a high of 0.325 before some consolidation. Support would be at 0.300 for now and as long as his level holds, more upside above 0.325 likely. Any clearing of 0.325 – 0.33 resistance can pave the way to 0.35 then 0.40 in the short term. The longer term trend looks positive with 100 day and 200 day MA line pointing upwards firmly and still support above channel support line. Can average up on a further breakout to ride the upside further.

Sent: Thursday, December 04, 2014 9:10 AM
Subject: ****************** Potental Breakout: Pacific Century: 0.27 resistance critical...... price 0.27 now. Can it break above ?

Pacific Century has been trading from 0.25 to 0.27 since June already and today we have again seen it attempt a breakout above the 0.27 resistance on top 20 volume. Note that any clearing of 0.27 – 0.275 sellers can be  a good sign of the end of the sideways consolidation. More upside to 0.300 then 0.34 on a clear breakout. Has been trending upwards above the channel support line since the beginning of the year. As long as 0.25 holds as immediate support, a potential breakout play.

Sent: Wednesday, September 24, 2014 2:03 PM
Subject: ******************** Potental Breakout: Pacific Century: 0.27 resistance critical...... price 0.27 now. Can it break above ?

Pacific Century has been trading upwards gently since Dec last year forming higher lows and supported above the upward sloping channel support line pretty well. For more than 2 months already, it has found a resistance at the 0.27 level and today we have seen it attempt to break above this level again on top 2 volume. Note that this breakout can open the way to 0.300 then 0.34 if it does happen. Range currently is from 0.25 to 0.27 level.

Stop loss can be at 0.245 for any long positions in preparation for upside breakout.