Were you prepared for the downside as well…… Sell calls for OCT 2014 THIS MONTH…..
Will it touch 1.00 ? Be our client to receive first hand trading calls and ideas J
Sent: Thursday, October 02, 2014 3:19 PM
Subject: Follow Up ****************************** Genting SP: Break down of 1.09 support could see more weakness, price 1.095
Subject: Follow Up ****************************** Genting SP: Break down of 1.09 support could see more weakness, price 1.095
Note that any clearing of buyers at 1.085 to 1.09 can be a further confirmation of more weakness in Genting SP. Was suppored above 1.10 for more than 1 2 weeks but support don’t seem to hold. Protect your capital with stop loss. CFD sell positions can be used to ride more down on clearing of 1.085 to 1.09 buyers. With target to 1.04 then 1.00 strongly.
From previous call, Genting Sp has still been consolidating in the range of 1.10 to 1.15. As long as this 1.10 holds as support, can still continue to accumulate from 1.10 to 1.115 to trade the range and for any potential breakout above 1.15. Stop loss can be place at 1.085. Note that a breakdown below 1.10 support can lead to more downside where you short sell under CFD to ride to 1.00 level. So remember to cap your loss and trade whichever way it goes.
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