Posted On: 12/01/2013 8:12:32 PM
Post# of 2559
CYTR Daily Chart ~ Ready to Break Above the MA50 and 2.70?
All of last week, I mentioned that CYTR needs to move and close above the MA200 and 100 with an eventual break above the MA50. Friday's action saw CYTR close above both the MA200 and 100. Next up is the MA50 which should bring into play a move to the previous high at 2.70. Our entries in the low 2.00s are proving to have been a good, calculated entry after establishing strong base. A close over 2.70 would suggest a possible move into the low 3.00 levels. GLTA
All of last week, I mentioned that CYTR needs to move and close above the MA200 and 100 with an eventual break above the MA50. Friday's action saw CYTR close above both the MA200 and 100. Next up is the MA50 which should bring into play a move to the previous high at 2.70. Our entries in the low 2.00s are proving to have been a good, calculated entry after establishing strong base. A close over 2.70 would suggest a possible move into the low 3.00 levels. GLTA
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