Cityneon

Cityneon have been on a decline since reaching a high of $1.21 in November last year.

Last Friday, it had broken out of the short term downtrend line.

This may be the start of another wave of upward movement.

Watch for it!

 

Cityneon

Since last Friday after the inauguration of Donald Trump as the US president, there is still no sign of market weakness.

Instead, the US market rallied strongly yesterday and had decided to resume its uptrend.

For local trading, Cityneon is showing sign of a strong rebound after 2 months of retracement.

It is nicely supported at $0.895

Watch for it!

Cityneon

Yesterday, the US non-farm employment came in at 255 000 and unemployment rate was 4.9%.

The data was good but not enough to prompt the Fed to increase interest rate in the near term.

The equity market rallied and safe haven asset such as gold and bond plunged.

Now is a good time to pour into equity especially after the recent minor pull back.

For Monday trading, I am looking at Cityneon – the stock that only know of one direction.

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