Sunday, March 23, 2008

CityDev




City Dev has an interesting chart.

There's a descending broadening wedge but if that continues it looks like City Dev is in for a big drop. $10.27 Jan lows were taken out recently so not a double bottom.

However this might be a busted double top pattern?

$13.05 and $15.60 will be resistance levels to watch.

Will monitor.

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