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Wednesday, April 20, 2016

CWT

CWT - 20th April 2016

CWT after hitting the low of 1.78 on 25th Feb 2016 it had managed to trend higher to touch 2.08 on 20th April 2016. This is rather bullish.


The current price of 2.05 is hovering above the SMA lines which is generally rather positive.

Also both Macd & Rsi are showing sign of a positive divergence that may provide further catalyst that the share price may continue to trend higher.

Today it has a beautiful white thrust bar couple with high volume this is generally very healthy/positive. Short term wise it may continue to trend higher towards 2.17 then 2.27 with extension to 2.37.
(trade base on your own decision)

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