Monday, October 20, 2014

********************** Potential Rebound: Halcyon -back to 0.65 support level, rebound possible above this support, price 0.66 (NOW 0.685)

Rebounding from 0.65 support as mentioned last week !!!!

Sent: Wednesday, August 27, 2014 9:41 AM
Subject: FOLLOW UP ************************** Bullish Setup: Halcyon - Broke out of downtrend channel finally - A reversal ? price 0.855
Following up from Previous BUY CALL, Halcyon has indeed hit  high of 0.97 before trending lower for the past 2 months and finding a support base at 0.81 level. Has today broke out of its Short term downtrend channel which is also the immediate horizontal 0.855 resistance line. As long as 0.85 holds in the coming days, we can see it trade upwards in a potential reversal back to 0.90 then 0.96. MACD looks deeply oversold and poised for a rebound soon. Keep in watch list now. Aggressive traders can also time entry from 0.85 to 0.855 with stop loss at 0.835.

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