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Saturday, May 17, 2014

CWT

CWT - 31st May 2014 - CWT continued to trend higher and broken out again on 28th May with super high volume and closed well at $1.795.This is very bullish.Current price of $1.77 as of 30th May 2014 seems holding up well and looks like a Bull Flag has been formed. This is generally positive and it may continue to test the recent high of $1.815. Breaking out of $1.815 with high volume that may propel the share prices to head higher towards $1.85 then $1.90 soon.(trade base on your own decision)

CWT - 17th May 2014 - CWT had a nice thrust-bar on 6th May couple with good volume + closed well at $1.565 on the same day. This is rather bullish. It has since drifted higher to close at $1.65 on 16 May. All 3 indicator such as MACD,RSI & Stochastic are trending upwards which is rather positive.
Short term more likely to trend higher towards $1.70 and then $1.80.(trade base on your own decision)

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