Juliac

CityDev - breakeven gap (bullish for mid term)

SGX:C09   CITYDEV
CityDev had formed a mini double bottom , broke above 8.85 and moved nicely to 9.55 before pulling back to re-test around the breakup level, hitting a low point at 8.64. it then make a sluggish sideway move for 3 weeks before opening with a gap today. The odds have increased that it will break the immediate resistence at 9.56 soon and will look to scale out of positions at the various fib levels (38%, 50% etc)
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