Uptrend seems to be still intact above 0.400…. J
Sent: Thursday, April 07, 2016 9:23 AM
Subject: *************** Cityneon: Breakout upwards seen on uptrend counter.... price 0.42
Subject: *************** Cityneon: Breakout upwards seen on uptrend counter.... price 0.42
Cityneon has consolidated below the 0.400 resistance level for about a week and today we have seen a firm move above this resistance on more than 2 times above average volume. This can open the way to more upside towards 0.46 then 0.50 next. 20 day MA above both the longer term MA, a short term bullish counter to ride as long as 0.400 holds now. Stop loss at 0.385 for any long positions to ride.
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