Cord Life has a very impressive run from the low of $1.10 and rally all the way UP to touch the high of $1.715 on 25th January 2016. This is one of the stock counter that is able to trend higher despite broad market selling down.
The current price of $1.66 is trending nicely above both 14SMA & 25SMA lines which is rather bullish. Also both MACD & RSI are still pointing upwards which may provide further indication that the share price may continue to head higher.
Today closed at $1.66 with low volume seems very healthy for a uptrend stock to pause and getting ready to charge up to test $1.715. Breaking out of $1.715 with good volume that may propel to drive the share price to All Time High at $1.80 then $1.90.
If price later drop below $1.60 then perhaps this uptrend mode may not follow through.
Always practice to set your cut loss price level to safe guard your capital in case the trend goes against your direction.
(trade base on your own decision)
No comments:
Post a Comment