Saturday, October 1, 2016

NEW Silkroutes

NEW Silkroutes - 30th Sept 2016

NEW Silkroutes had managed to conquer the overhead resistance at 65 cents and closed well at 67.5 cents on 28th Sept 2016. Couple with high volume , this is generally very positive.

The current price of 67 cents is staying above the SMA lines which is in my opinion is rather healthy/bullish.

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

Short term wise, I think it may likely continue to trend higher to test 70 cents. Breaking out of 70 cents with ease that may propel to drive the share price higher towards 80 cents then 90 cents.
(trade base on your own decision)

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