𝐂𝐢𝐭𝐲𝐃𝐞𝐯 – 𝐈𝐬 𝐓𝐡𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐎𝐯𝐞𝐫? (𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐔𝐩𝐬𝐢𝐝𝐞 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥!)

by michaelg June 8, 2020

Author: Trading Impossible | Joey Choy
Go to Source

Just in Jan 2020, CityDev was trading around 11.50, but then COVID-19 hit and it sold down all the way to a low of 6.11 in March.

(A Sell Down of more than 45% in 2 months!) 😢

Joey here, Top Tier Remisier in Phillip Securities

Over the past 2 months, we have been seeing some stability in this counter with some good support returning. ⛅⛅

It was pretty much moving sideways with not much direction… 🤐

So the question is:

“𝐈𝐬 𝐭𝐡𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐎𝐯𝐞𝐫 𝐀𝐧𝐝 𝐈𝐬 𝐓𝐡𝐞𝐫𝐞 𝐒𝐨𝐦𝐞 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐀𝐧 𝐔𝐩𝐬𝐢𝐝𝐞 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥?”

Well. last week on some market strength, we managed to break this KEY Resistance LEVEL,

and some 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 actions returned.. 👍

It seems like 𝑩𝑼𝒀𝑬𝑹𝑺 𝒂𝒓𝒆 𝑹𝑬𝑨𝑫𝒀 to take it higher after the 2 months break..

So 𝐖𝐇𝐀𝐓 is this key level that can determine if we can see more strength and 𝐖𝐇𝐄𝐑𝐄 can we potentially head to before profit taking returns again. 🤞🤞

Watch this video to the end (𝑹𝒆𝒄𝒐𝒓𝒅𝒆𝒅 8 𝑱𝒖𝒏𝒆 2020) to see what I mean..

Like and Share if you found it useful.👍

Watch Video here >> https://www.facebook.com/tradingimpossible/videos/569861583671800/