Thursday, October 30, 2014

****************** Bearish Setup: Biosensor - Breakdown of 0.63 support again..... more downside.... price 0.625

Biosensor has been consolidating above 0.63 support for the past week after breaking below the 0.68 support from previous SELL CALL and did not manage to hold above today. Downtrend still look very much in place as per all the other sell calls email below. 20 day MA line accelerating downwards further. May find a support at 0.600 for the moment but any breakdown can see it trade lower to 0.500 possibly. CFD SELL to ride the downside further. Stochastic and RSI indicator still looking weak and pointing downwards with no reversal in sight yet. Lower buy stop loss to 0.64

Sent: Friday, October 17, 2014 4:00 PM
Subject: Follow Up*********************** Bearish Setup: Biosensor - Breakdown of 0.68 support again..... more downside.... price 0.655
From previous SELL CALL, Biosensor has broken below the 0.68 immediate support level today which has held for more than a month. More downside likely towards 0.600 as mentioned in previous email. Note that any break down below 0.600 can see it trade to as low as 0.45 which was the low in July 2009. Still a CFD SELL AS Long as 0.68 is a resistance now. Lower BUY stop loss to 0.705. Continue to ride the downside. J

Sent: Friday, September 19, 2014 5:04 PM
Subject: ************************ Bearish Setup: Biosensor - Break of psychological can lead to more weakness... price 0.69
CFD Sell Entry: 0.69 to 0.70
Target: 0.64 then 0.60
Buy Stop loss: 0.715
Reason: More downside as long as 0.700 become a resistance now. 20 DAY MA line has been sloping downwards since July and no sign of any reversal yet. Downtrend intact below 0.700 now. CFD SELL.

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