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Saturday, October 8, 2016

ChiwayLand Intl

ChiwayLand Intl  - 7th Oct 2016

ChiwayLand Intl had a very nice breaking out of 14.8 cents on 6th Oct 2016 and closed well at 16 cents. The volume was also very high this is generally quite bullish.



The next day it had managed to follow-through and closed well at 16.6 cents.

This is rather positive.

The current price is staying above the SMA lines which is generally quite healthy/positive.

Also both Macd & Rsi are still heading higher which may likely provide further indication that the share price may continue to trend higher.

Short term wise, I think it may move up to test 18 cents then 19 cents with extension to 20 cents and above. If it can crossed over 20 cents with ease that may likely see the price moving up to re-visit 30 cents.
( trade base on your own decision)


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