Just 2 weeks back, we have spotted some strength in Cityneon with it holding quite well above the 1.15 support..
The short term upside looks really firm with buyers coming out on dips..
There were also some bullish signals that we got from the system which alerted us to this counter in the first place..
Hence some upside targets were drawn towards 1.25…
Over the past few days, we have indeed hit our first target 1.25 and some profit taking seen for now…
Normal given the run we have seen in Sept… See where we are below now…
Awaiting more specific price actions above 1.25 where targets may be revised higher which can potentially play out…
Still seeking more confirmation with buyers taking a breather for now… No exits on bullish signal on system yet…
Would also want to be careful of any retracement back to 1.2- then 1.10 which happened in Oct last year…
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