About 2 weeks back, we saw some actions in CityDev when it actually managed to break the 11.00 key resistance...
That was the level it has traded below since the beginning of the year which was something meaningful.
Therefore it was on my watchlist and a note was sent out together with targets drawn on chart...
See where we were below. Price was around 11.18.
For illustration purpose only
It had then consolidated briefly above 11.20 over the past 2 weeks and finally a push above 11.50 yesterday to give way to more momentum.
Uptrend looks intact for now above 11.50 – 11.60 honestly...
More importantly, we did have a BULLISH 1ET Entry signal on the signal...
Just before it began it's recent rally....
on 19 July 2017.... ;) PTI grads would know why...
In addition, this stock was also mentioned in my 2nd Half 2017 Market Outlook seminar on 1ST July 2017 along with another 5 stocks.. Uptrend intact.
See where we are below now...
For illustration purpose only
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