Wednesday, September 17, 2014

Follow UP ************************* Metal Component: resistance at 0.66 now...... Still a potential breakout play... price 0.064 (BREAKOUT SEEN INDEED - NOW 0.068)

Can it hit 0.070 now ?



Sent: Thursday, September 04, 2014 4:56 PM
Subject: Follow UP ************************* Metal Component: Heading Back to 0.065 again ? .... Next potential breakout... price 0.063
FROM yesterday’s NOTE, today it has touched a high of 0.066 but did not manage to cross over 0.065 convincingly. Range will still be from 0.060 to 0.065 now. Need a clear breakout above 0.065 with 0.066 sellers clearing as a further positive to near term target of 0.070. Volume remains strong though. For those that have accumulated previously and taken profit already today in the morning can still consider getting in again on dips above 0.059 – 0.060  J

Sent: Wednesday, September 03, 2014 9:59 AM
Subject: Follow UP ************************* Metal Component: Heading Back to 0.065 again ? .... Next potential breakout... price 0.061
Following up from previous BREAKOUT call, Metal component has stage a convincing breakout and traded to a high of 0.065 as our initial target before profit taking seen. Has now found a support base around the 0.059 - 0.060 level. As long as this support holds, still positive in the short term for a potential breakout above 0.065 critical resistance level. Any break above 0.065 can see it trade to 0.070 then 0.077. Current stop loss for long positions can be at 0.057. Raise stop loss to 0.063 on a break above 0.065.  J

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