Wednesday, October 15, 2014

Follow Up ******************** JES: Downtrend intact, all time recent low again.... CFD SELL, price 0.037

FROM PREVIOUS SELL CALL, JES has indeed traded lower to our first target at 0.040. Today it has further broke the 0.040 support level on strong volume with downtrend still intact. Note that there can still be more downside to 0.020 now. It’s an all time low with selling pressure seen on any slight rebound. As long as below 0.040 now, STILL A SELL…..  All 3 indicators don’t look like they will stage a positive reversal anytime soon and they are just dipping slowly…….

Sent: Thursday, October 02, 2014 9:51 AM
Subject: Follow Up ******************** JES: Downtrend intact, all time recent low again.... CFD SELL
JES has broken below the 0.060 critical support as mentioned previously over the past few days, more downside likely to 0.050 then 0.040. Protect your capital with stop loss if needed. CFD to ride any downside as long as 0.060 is a resistance level.

Sent: Thursday, August 07, 2014 10:36 AM
Subject: ************************* JES: Support breakdown below 0.070.... price 0.068
Have broke the 0.070 psychological support level as mentioned previously. More downside to 0.060 can be likely if it does not creep back up. CFD sell positions to ride any downside can be possible. Might seek a temp support at 0.065 first for now but Stochastic and RSI looking weak. Might want to take note of any long positions you might have.

Sent: Monday, August 04, 2014 2:22 PM
Subject: ************************* JES: Heading back towards KEY support level....... price 0.072
After breaking below the 0.084 support level last week, JES has traded lower and today we have seen it touched a low of 0.071. Recent support seen in May was 0.073 level so any breakdown can be a negative for this counter further. Can consolidate from 0.070 to 0.076  for a while before a clear direction is seen.  Note that any breakdown below 0.070 psychological level can be a negative and lead to more downside to 0.060 probably. Stochastic and RSI showing weakness currently along with general weakness seen in most pennies today. CFD sell on break of 0.070 support can be considered.  A general downtrend formed since Jan is seen at a broader view which it has yet to break out upon.

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