Citydev

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Chart wise, looks rather bearish!

Likely to head lower to retest 8.16 level. Breaking down of 8.16 may see it slide further down towards 7.80 level .

RSI is also showing sign of Bearish divergence, therefore, high chance it may continue to trend lower.

Not a call to buy or sell.
Pls dyodd.


21st Oct 2018
Don't Catch the Falling Knife!

From TA point of view, looks rather bearish.
We had witnessed the Gap Down on 6th July 2018 whereby the price has been fallen off from $11.39 to close at $9.40. Since then, it had continue to trend lower and went down to touch $8.10 on 12th Oct 2018. This is super bearish!

Looks like it may likely move down to retest the recent low of $8.10. Breaking down with high volume that may drive the price lower to challenge the support at $8.00. If $8.00 fall to hold then it may slide down to test $7.70 with extension to $7.30 level.

It might be good to wait for it to stabilize first before taking any further action to accumulate.
If it is able to stage a strong rebound and rises above $8.65 then we may likely see a reversal happening.


Not a call to buy or sell.

Pls dyodd.