Seems like a breakout today ? now at 0.575
Sent: Friday, April 24, 2015 11:02 AM
Subject: ***************** Civmec - Further clearing above 0.55 a positive in short term, price 0.55, Still watch list !
Subject: ***************** Civmec - Further clearing above 0.55 a positive in short term, price 0.55, Still watch list !
Civmec is still a stock to watch in the short term for any further clearing above the 0.55 resistance level. Today we have seen it attempt a breakout but no convincing enough, volume still strong though. There can be more attempts to break above 0.55 now with clearing of 0.555 – 0.56 level as a key confirmation where we can expect a trade to 0.62 then 0.70. Has been consolidating slight from 0.52 to 0.55 as it takes a breather after the recent run up and may start to reignite again. Both RSI and Stochastic indicators trending upwards with MACD hitting above the zero mark soon after staging a bullish crossover last week, momentum can continue above 0.55. Raise stop loss to 0.535 on a clear breakout to protect profits. ;)
Sent: Wednesday, April 22, 2015 11:44 AM
Subject: ***************** Civmec - Further clearing above 0.55 a positive in short term, price 0.53, Still watch list !
Subject: ***************** Civmec - Further clearing above 0.55 a positive in short term, price 0.53, Still watch list !
From yesterday’s call, we have indeed seen a clear convincing breakout above the 0.500 psychological resistance level and today it has even hit a high at 0.55 before some retracement again. Range would be from 0.52 to 0.55 for now. As long as it holds above the 0.50- 0.52 level, there can still be more room to go above the 0.55 temp resistance level after a minor consolidation to gain strength. MACD has indicated a bullish crossover with it nearing the zero mark which can see more momentum taking over especially if 0.55 – 0.555 sellers clear out. RSI also trending upwards at the beginning phase after the sideways movement for about a month.
Sent: Tuesday, April 21, 2015 9:09 AM
Subject: ********************Breakout Spotted: Civmec - Further clearing above 0.500 a positive in short term, price 0.505
Subject: ********************Breakout Spotted: Civmec - Further clearing above 0.500 a positive in short term, price 0.505
Have broken out above the 0.500 psychological resistance on top 5 volume as mentioned yesterday, there can be more upside if it stays above this new support now. Look at the gap it can fill to 0.600. RAISE Stop loss at 0.485 now to protect profits. Technical indicators still looking strong on today’s price action.
No comments:
Post a Comment