Cordlife after hitting the low of $1.245 on 22nd Mar 2014 it had manged to stage a strong recovery to head higher to touch 1.42 on 8th April 2016. This is rather bullish.
With this strong recovery, it has also indicated a nice Reversal trend as indicated on the chart.
The current price of 1.415 is hovering above the SMA lines which is generally quite positive.
Also both Macd & Rsi are also showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.
Short term wise it may attempt to re-visit 1.45. Crossing over of 1.45 with good volume that may provide further strength to drive the share price higher towards 1.50 with extension to 1.545.
( trade base on your own decision)
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