Reminiscences Of A Trader

Sunday, August 20, 2006

City Developments



Refer to my previous technical view on CDL (7th August). The stock's price has since risen 7.2% to close at $9.70 on last Friday. So what's next? The various weekly technical indicators which I used have just started to turn up and although profit-taking can be expected in the near term, any pullback will be a good opportunity for those who are bullish in this stock for the medium term to accumulate more.

Resistance: 9.75 / 10.00 / 10.30
Support: 9.45 / 9.25

5 Comments:

  • At 10:23 AM, Anonymous Anonymous said…

    You are my hero!! :O)

     
  • At 8:25 PM, Anonymous Anonymous said…

    Hello Pinkwitch :)

    Didn't know you had a blog :D

     
  • At 10:58 PM, Anonymous Anonymous said…

    Good work!!

     
  • At 11:00 PM, Anonymous Anonymous said…

    Did not know u got a good blog!
    Good luck!

     
  • At 11:56 PM, Blogger pinkwitch said…

    Hello Gallen and Trebla,

    Thanks for visiting my blog. :O)

     

Post a Comment

<< Home