Del Monte Pac: Indeed a move above the 0.35 KEY Resistance level.... let's watch ;)

Now at 0.355, More upside from here towards our next target?

Sent: Wednesday, December 09, 2015 11:21 AM
Subject: ********** Del Monte Pac: Breakout above 0.300 psychological resistance on profitability news... price 0.335

Del Monte has traded below the 0.300 resistance for about a month and today we have seen some actions above it with a move to test the 0.34 – 0.35 resistance since August. Rise today seen on the back of news of it swinging back to profitability with 2Q earnings of US$53.3m. May start to consolidate from 0.30 to 0.35 now before we seen some confirmation if the upward reversal were to continue. Any further breakout above 0.35 can be a positive for a rebound back to 0.40 then 0.45. MACD has just crossed above the zero mark on this move. Let’s see if 0.35 clears out eventually too.