Wednesday, October 29, 2014

******************** Osim: What a breakdown seen today, time to accumulate ? Price 1.925 NOW

Clients were alerted at 1.99 in the MORNING at 9.28am ….. down it came further……. TO 1.925 NOW …… Ooooops

Sent: Thursday, September 11, 2014 5:13 PM
Subject: Follow UP *********************** Osim: Back to support again. Break down or Rebound now ? price 2.61
From previous call, OSIM has hit a high of 2.88 before profit taking and has since traded downwards back to 2.62 support. You can see that this 2.62 support was holding very firmly since April where it has rebounded from it twice. There can be a potential rebound for the 3rd time now like before but NOTE that a support breakdown of 2.60 – 2.62 support level can be a negative trigger. Which can take it to 2.50. Be wary of the horizontal levels while trading in either direction. CFD sell positions on break below 2.60 for me.

No comments:

Post a Comment