Cityneon after hitting the low of 87.5 cents on 19th Sept 2016 it had managed to stage a strong recovery and went up to touch $1.115 on 27th Oct 2016. Couple with high volume, this is rather positive.
It had managed to clear the first major resistance at 99 cents followed-by 2nd major resistance at 1.06. This is super bullish.
The current price of $1.115 is staying above the SMA lines which is generally rather positive.
Also both Macd & Rsi are still rising which may provide further indication that theshare price may continue to trend higher.
Short term wise, I think it may move up to test 1.20. Breaking out of 1.20 with good volume that may propel to drive the share price higher towards 1.30.
(trade base on your own decision)
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