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Thursday, February 9, 2017

New Silkroutes

New Silkroutes - 9th Feb 2017

New Silkroutes after touching the low of 65.5 cents on 22nd Dec 2016, it has since stage a strong recovery and head higher to touch 89 cents on 2nd Feb 2017, this is rather bullish/positive.



The current price is staying above the SMA lines which is generally quite positive /healthy and may likely see a continuation of this uptrend mode.

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 re-attempt the recent high of 89 cents. Breaking out of 89 cents with good volume that may propel to drive the share price higher towards $1.00 then $1.05.

( Trade base on your own decision)

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