City Development (CityDev): On Uptrend But …
City Development (CityDev) is trading in an Uptrend Channel but closing in the 2 years high at $13.68. Current PE of 20 will make the breaking of the resistance difficult.
Broadway: Trading within a Rising Wedge
Broadway is currently trading within a Rising Wedge and seems that Broadway stock price rebounds after hitting the wedge support. Next immediate support is between $1.03 to $1.05 which are the 200D MA support and 78.6% Fibonacci Retracement Support. Broadway current PE is about 7.3.
NOL: Breakout from Symmetrical Triangle!
NOL is breaking out from the Symmetrical Triangle after 5 months consolidation. The price target of this breakout is $2.50.
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