Debao Property: Are we seeing a breakout again above the 0.060 resistance?

At 0.061 now, congrats to those who managed to accumulate again after profit taking last week…..

Sent: Wednesday, October 21, 2015 4:07 PM
Subject: *********** Debao Property: A slight retracement after breakout, still good to go above 0.050.... Price 0.053

Following up from yesterday’s call, we have seen a clear move above 0.050 resistance yesterday as it touched a high of 0.058. Today’s high at 0.058 too before some profit taking which would firm up this new trading range with support at 0.050 for now. As long as 0.050 holds as the new support, we can expect to see a move back to 0.058 for a further breakout attempt. Those who has already taken profit can consider locking in some positions in again near 0.050 support. Stop loss at 0.048 for now. RSI still trending upwards midway which can offer more strength with short term trend up for now led by the 20 day MA.