Chart Source: PoemsView 6th march 2018
Citydev had some nice increase in volume today. It is currently being resisted by the 50ma and our downtrend line too.
It has also hit the uptrend support line and was supported by it. We’re keeping a close look out to see if it can break above those resistances. A break above and staying above might indicate more upside to come in the coming days.
Citydev is a blue chip and an index component stock. It might be rather expensive for some as 1000 shares would cost an upwards of $12k.
In order to overcome that, a trader might consider using leverage and over here our choice of instrument would be using Poems CFD.
With leverage it can give a trader more exposure to blue chip stocks like SIA, Keppel Corp and much more.
Interested to know more about how CFD can complement your trading journey and why is it so important to use CFD?
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