*****************Centurion: Uptrend in place...... More upside on Breaking of 0.800 resistance..... (Buy on Dips, prepare for breakout)

Following up from Previous BUY CALL: http://singaporetradinginsights.blogspot.sg/2014/04/centurion-consolidating-in-wait-of-new.html

Centurion has indeed neared the critical 0.800 psychological resistance level, with a high set 0.795 over the past 1 week. Likely to consolidate from 0.76 to 0.800 before breakout above 0.800 seen. Can accumulate on dips or average up on break out above 0.800… Monitor for breakout, can continue to hold and ride the uptrend, raise stop loss to 0.74 now.

 

***************** Centurion: Consolidating in wait of new Breakout ? Accumulate on dips near 0.700 support......

Centurion has traded higher since breaking above the 0.68 to 0.700 critical resistance levels more than a week ago. Currently consolidating from 0.70 to 0.76. It has been trading above Channel support upward sloping line since June last year so uptrend is still in place. Possible to accumulate on dips from 0.70 to 0.73 for any upside breakout above 0.76. Target would be to 0.800 in the short term if 0.76 clears. A break above 0.80 can also see it push higher further in search of new high.

Stop loss at 0.685.