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Friday, January 22, 2016

City Dev

City Development - 23rd January 2016

City Dev has been experiencing a selling down from the high of $7.82 on 30th Dec 2015 and close lower at $6.75 on 22nd Jan 2016. The price has been driven to a oversold situation and may expect to see a rebound any moment.


Both MACD & RSI are also pointing to an oversold territories that may be due for a rebound soon.

Due to Dow overnight closed positively , expect to see a surge in price for City Dev come Monday.
It may move up to test $7.00. If the driving force is strong enough it may breakout $7.00 and head higher towards $7.28. These are short term expectation. STI mkt is generally weak and any rebound may be a good choice to take profit or to minimize your loss.
(trade base on your own decision)

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