Tuesday, June 28, 2016

Cityneon: Still in consolidation... so what's the plan now?

Still consolidating from 0.85 to 0.90 as per previous email to clients…..

When will that get out of the way…  ? J

Let’s see….

May increase long positions on a specific price action again…….


Recent Emails:

Sent: Wednesday, June 22, 2016 9:25 AM
Subject: ********** CIityneon: May face some profit taking near 0.900..... price 0.88, still good to go above 0.86
We have indeed seen a move above the 0.86 yesterday after call issued with a closed at 0.875. Hit a high at 0.89 today before some profit taking which is expected, some resistance seen at 0.90 where it may face some selling pressure near there. Likely to consolidate from 0.86 – 0.90 now and uptrend intact as long as this new support holds in the short term. All moving averages positive. Any push above 0.900 can see us increasing long positions on specific price action. Raise stop loss.

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