Thursday, October 6, 2016

Nam Cheong: 1st Target hit, likely to see some profit taking, price 0.069

From email sent, we have indeed seen a trade up for Nam Cheong to our first target at 0.070 today…..

Seeing some selling pressure right at this zone for now…..

Question is: Can we still more upside from here?

Yes, BUT that is ONLY IF we see something specific….

Some support seen at 0.065 for now…..  :)  WATCHING STILL

Congrats to those who managed to lock in some yesterday….. Protect if necessary.

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Recent Email:

Sent: Wednesday, October 5, 2016 10:05 AM
Subject: ********** Nam Cheong: More upside likely above 0.060... price 0.062, finally some actions....
Nam Cheong has been consolidating below the 0.055 key resistance for more than 2 months, and finally, we have seen some actions yesterday. Today, a further push above above the 0.060 can see more momentum coming back with the MACD also crossing above the zero mark for the first time after 2 months. Target can be to 0.070 then 0.080 for the short term as long as 0.060 holds now.

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