Monday, June 11, 2018

CityDev - Breaking Down

Citydev started to break down today as the market started another wave of selling as of now. The buyers who went longed the stock started to lock in profits while the sellers were emerging very frequent. I believe this is a good selling for a good course so that there is a chance of getting it lower again when it turns. As of now, Citydev is not ready to turn yet but it's reaching near the demand zone soon so we shall need more bullish signals before taking a long position again.

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Ronald K - Market Psychologist - A Stock Market Opportunist