Business Magazine

Cordlife Looking Good

Posted on the 09 May 2013 by Technicalanalysistalk

Good evening all,

I have a short post for today.

This is Cordlife Group Limited, P8A.SI, which went public just last year. After a fairly good IPO, Cordlife fell down to the 40 cents region. Over the last year, Cordlife regained lost ground and is now making new all-time highs. I like the picture of share price recovering and breaking through the IPO price levels. The uptrend is very strong,and you can consider the last few weeks as an acceleration of the uptrend. I believe there should be more room for upside, but in the near-term, it is probably better to wait for a better entry level.


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