Cityneon had a very impressive run from the low of 19 cents on 19th Nov 2015 and close higher at 32.5 cents on 4th Jan 2016. The current price of 32.5 cents is staying above both 14SMA & 25SMA lines which is rather positive.
Also RSI indicator is rising upwards which may provide further drive for the share price to head higher.
A nice breaking out of 34.5 cents may trigger the share price to head higher towards 40 cents then 45 cents.
If price dropped below 31 cents then perhaps this short term uptrend mode may not follow-through.
Entry price - 34.5 cents
Stop Loss - $31 cents
Target price - 40 to 45 cents
(trade/invest base on your own decision)
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