CityDev is just sitting on the 61.8% Fibonacci Support now. This $10.00 is an important psychological support and also the previous resistance-turned-support level. In addition, this level is also the neckline of the Head and Shoulders (multiple shoulders) if you can spot it. Breaking this critical support will send CityDev to the price target of $6.40. Open the eye big big on this $10.00 level because the big BEAR will come!
- Post author:Marubozu
- Post published:July 3, 2011
- Post category:City Development
- Post comments:0 Comments
Tags: Head and Shoulders