City Dev after touching the low of 6.72 on 12th Feb 2016 it had managed to stage a strong recovery to head higher to touch 8.50 on 6th April. This is super bullish.
The current price of 8.43 is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to head higher.
Crossing over of recent high of 8.50 with ease + good volume that may propel to drive the share price higher towards 8.90 then 9.00 with extension to 9.30.
(trade base on your own decision)
Whenever you decide to invest money in share market, get in touch with Epic Research for proper guidance and good support.
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