Touched our target at 0.034….. let’s see if that clears out too….. ;)
Sent: Thursday, October 15, 2015 9:30 AM
Subject: ********* Jiutian Chemical: Breakout seen above 0.025 resistance on strong Volume, more Upside above 0.030 next !, price 0.027
Subject: ********* Jiutian Chemical: Breakout seen above 0.025 resistance on strong Volume, more Upside above 0.030 next !, price 0.027
Jiutian Chemical has broken above the 0.025 resistance level which it has traded below since Aug. A high volume breakout seen which can see an end to the consolidation phase with a Bullish Rounding Bottom pattern seen. May head towards the 0.030 level to attempt another breakout with target to 0.034 then 0.040. Stop loss can be at 0.023 for now. 20 day MA flattening out and can reverse on today’s price action with MACD almost touching the zero mark and crossing over.
No comments:
Post a Comment