Price is facing bullish pressure from our ascending trend line, 50% and 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
stock is in an uptrend with price near lower bound of uptrend channel. potential to long with entry @ 7.70 and stop-loss @ 7.42 and profit-taking @ 8.01
Citydev broke down form a bearish H&S formation just 2 weeks ago and with the extremely bearish market sentiment this week, slammed into a support area (horizontal mid term support plus a long term trendline) and closed just above the supports. Looking to long it next week just above today's close at 8.28 with a Stop a few pips below the last low at 7.88 and then...
CityDev suppassed the H&S target on the way down yesterday and hit just 0.15 short of a mid term Trendline support. The market is likely ripe for some rebound (after yesterday's "black for swan" event!). However with the SL just below the trendline @ 9.70, which is a little farther away then I am comfortable, I would only put in half position @ 9.00 and if I...
I must have been blind not to see the glaring Head & Shoulders for this chart until now. Broken down the neckline at 10.40 (the ideal short entry) and H&S target around 9.25. now late in the game and will just stay at the sideline .. :(
CityDev fomed a bullish divergence near the horizontal and 61% fib retracement support and rebounded with a somewhat bullish morning star formation (somewhat as it isn't a perfection morning star). Will to take the chance to long at 9.80 with a tight stop at 9.55 and looking to take initial profits as it reaches resistence between 10.35-10.40.
Just bought Singapore airlines at 8.92. No more money to enter this stock.
For those who still have capital. This is a good stock.
05/09/19. Enter $9.42
Sell when $9.7
About 3% return.
CityDev had formed a mini double bottom, broke above 8.85 and moved nicely to 9.55 before pulling back to re-test around the breakup level, hitting a low point at 8.64. it then make a sluggish sideway move for 3 weeks before opening with a gap today. The odds have increased that it will break the immediate resistence at 9.56 soon and will look to scale out of...
City Development
The smart money must have been dumping these stocks to unsuspecting value investors and technical "trend" traders in the late 2017 and early 2018.
With the latest property curbing news, it had a very big gap down.
I will advise you not to go and buy in as it will be similar to catching falling knives.
It is not a good idea to BUY now.
I see...
