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Monday, January 2, 2017

China Everbright

China Everbright - 30th Dec 2016

China Everbright after touching the low of 44.5 cents on 12 Dec 2016, it has since managed to stage a strong recovery and head higher to touch the recent high of 51 cents on 29th Dec 2016. This is rather positive.

From TA point of view, it seems that it is doing a Reversal trend which may likely indicating the end of the down trend.

Both Macd & Rsi are still showing sign of a positive divergence that may likely provide further indication that the share price may move up from the current price of 49.5 cents.

Short term wise, I think it may likely move up to re-visit 52 cents which is the current resistance level.Breaking out of 52 cents with ease + good volume that may propel to drive the share price higher towards 60 cents then 63 cents. Dyodd.

( trade base on your own decision)

1 comment:

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