CIST Closes at High of Day on Increasing Volume...Very Bullish
CitySide Tickers, Inc. (OTCPK: CIST) closed up 9.47% Tuesday on higher volume than its previous trading session...following a day where the stock closed slightly higher on lower volume.
These are all positive indicators.
Another interesting item that I did notice is that through most of the past two days there was a bit of a struggle between buyers and sellers.
However, today the buy side traders took over and pushed shares higher...especially as the trading session continued... and they allowed the profit takers to book gains and still make way for share prices to increase.
Hence, I suspect two things were achieved:
(1) those who booked gains could leave room for CIST to move through the next set of resistance levels
(2) the base that is developing likely increased...and could move higher again tomorrow.
Below is a snapshot of CIST from two technical viewpoints...and things look positive...
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With the expectation that a continuation of higher volume could enter the stock, I consider CIST could be a nice...but how high?
Well, in this case I don't know if the symbol "walks the upper Bollie". But if CIST closes at where the current upper Bollie level stands then it could make for some quick double-digit returns that I believe could make most investors happy.
Well, on Friday CIST produced an impressive 17.86% close in one session...Monday closed up another 2.42% on slightly lower volume...and Tuesday closed bullishly at the high of day at $0.37, up another 9.47%.
Best Regards,
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