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Thursday, May 4, 2017

New Silkroutes

New Silkroutes - 4th May 2017

New Silkroutes had 2 days of continuously thrust bar with increasing volume. This is rather bullish.
A good sign of Reversal pattern.


Both Macd & Rsi are also showing sign of positive divergence which may likely provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely move up to retest 90 cents then 91 cents.
Crossing over of 91 cents with ease + good volume that may continue to drive the share price higher towards $1.00.
( trade base on your own decision)

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