Can it continue to push upwards towards 0.040 ? Now at 0.034! J Congrats to clients who chose to take some profit too given current market conditions.
Sent: Wednesday, June 24, 2015 10:05 AM
Subject: *******CNA: Seeing a repeat of April's rebound? - potential breakout, price 0.029
Subject: *******CNA: Seeing a repeat of April's rebound? - potential breakout, price 0.029
From previous breakout call, we have indeed seen CNA staged an incredible rebound to touch a high of 0.045 before dipping back down again and consolidating lower. Today we have seen some actions as it tried to break above the 0.030 psychological resistance level. Note that clearing above and staying above it can open the way to a rebound like we have seen in April with target to 0.040 the 0.045. 2 parallel lines have been drawn which coincides with current price action. Let’s watch, clearing 0.030 – 0.031 sellers can be more confirmation. Stop loss at 0.028 on a convincing breakout to ride the rebound. Stochastic indicator also trending upwards after the 2 months downward consolidation.
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