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Keeping a watch on a couple of counters for shorting opportunities.

CityDev: Currently at around the 40MA which may be a resistance. Its also close to the Fibo-50% level and CCI is high. In the event it does turn down, then have to watch if the 200MA will support it this time round as it fell through quite easily last week. But then again, it was back up above the 200MA quite easily this week as well.


Ezion: Made a wide range bar today with strong volume but it is also close to its 40MA. And if it does go through this, it may meet resistance at the 200MA.