Friday, October 3, 2014

Follow Up ********************* Sunvic: A series of Rebound calls after the downside seen, You got in ?

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Sent: Tuesday, September 09, 2014 9:26 AM
Subject: Follow UP ********************** Sunvic Chemical: Rebounding back..... Possible breakout above 0.585.... price 0.577.
Following up from previous BUY CALL, Sunvic has traded to a high of 0.58 before some profit taking seen over the last 2 weeks on a weaker general market. Has since consolidated below the 0.555 immediate resistance for the past 1 week and we have seen a convincing breakout today on TOP Number 1 volume. Next critical level to watch will be 0.58 to 0.585 level. Any upside breakout can see it trade to 0.600, 0.65 then 0.68 fast. Stop loss at 0.54 currently. Raise stop loss to 0.585 on a break above 0.600.  J20 day MA Green line sloping upwards gradually with prices still supported above it for the past 1 month.


Sent: Monday, August 18, 2014 9:53 AM
Subject: Follow UP ********************** Sunvic Chemical: Potential rebound on break above 0.53.... range trading in wait of more direction..... price 0.545
Following up from previous BUY CALL, Resistance would be at 0.55 now TEMP. Raise stop loss to 0.54 if this clears too. As mentioned, target to 0.585 then 0.600 first. Volume remains strong at TOP 20 on breakout with RSI and Stochastic indicators reversing upwards strongly at the momentum suggesting more momentum in the coming days.

Sent: Friday, August 15, 2014 11:54 AM
Subject: Follow UP ********************** Sunvic Chemical: Potential rebound on break above 0.53.... range trading in wait of more direction..... price 0.54
Sunvic has broke above the 0.53 to 0.535 resistance level as mentioned previously. More upside can be possible NOW TO 0.585 to 0.600 level first. Can consider long positions and raise stop loss to 0.525 NOW  J RSI reversing upwards and Stochastic just crossing over bullishly.


Sent: Wednesday, July 30, 2014 8:59 AM
Subject: Follow UP ********************** Sunvic Chemical: Potential rebound on break above 0.53.... range trading in wait of more direction..... price 0.515
Following up from previous Bearish sell call, Sunvic has indeed traded to a low of 0.47 before finding some support and rebounding from it. Just last week it has broke above the critical 0.50 resistance level which also coincides with the downtrend channel line that formed since Jan. This could suggest any potential rebound back above the 0.53 resistance level which was originally support level as seen in previous sell call. Range would likely be from 0.50 to 0.53 before more upside. Stop loss at 0.485 now. A break above 0.53 can pave the way to 0.59 to 0.60 level.  J



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