City Dev - 30 Dec 2020

City Development bulls still trying hard to break the previous downtrend.  Now the price is in the middle of the higher and lower downtrend line.  Unless there is a break up or down with high volume, no good reason to trade now.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.