City Development chart

The first resistance level of this stock will be $12.60 (resistance 1 as seen in the chart). There were at least three previous attempts to break this resistance but all failed. If we can break this resistance level successfully, the upward movement will be strong. We can then expect the price to test the next resistance level at $14.66 (resistance 2 as seen in the chart). During the uptrend, 20-day moving average may be used to track the price.