Following up from previous blog post last month >> http://singaporetradinginsights.blogspot.sg/2017/02/citydev-target-hit-but-system-has-no.html
We had actually seen an exit from the system as per below chart. The thing is we did have another entry signal, PTI grads would know when.
It has started its ascent again after that and has been facing some resistance at 10.60 over the past 1 week.
Today, we are seeing a move above 10.60 which can lead the next phase up. Would be interesting to see when the exit will come J
Uptrend looks good with 10.60 holding now, but a system makes spotting such counters not only so much easier but also more systematic.
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Was looking at chart below which was first drawn on 11 Jan 2017. Price then was only 8.70.
Targets or arrows on the chart were completely breached over the past 2 months.... happy.
Recent Emails:
Sent: Tuesday, February 07, 2017 9:30 AM
Subject: ****** CityDev: Target hit, but system has no exits fyi, price 9.50
Subject: ****** CityDev: Target hit, but system has no exits fyi, price 9.50
For illustration purpose only
Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70
For illustration purpose only
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