China Aviation Oil (Yrly Div: 2.21%)

China Aviation Oil (Yrly Div: 2.21%)
3Q Results: 2 Nov 2016

Support: $1.30
Resistance: $1.475 – $1.48
Next Resistance Level : $1.58

Moving Averages: 14 days looking to cross above 50 days moving average.
Volume: 2nd day with huge volume, as compared with previous weeks. 2nd day of making higher high.

Comments: Higher price is accompanied with higher volume. Good possibility of trend continuation as it looks like accumulation phase is over.

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