China Env did break above 0.25 resistance today, can it head towards 0.30 now ? BUY Call emailed to clients over the past 2 weeks. J
Sent: Friday, January 16, 2015 9:55 AM
Subject: ********************** Breakout Seen: China Env - Broke resistance at 0.200 .. price 0.22, out of consolidation towards the upside.
Subject: ********************** Breakout Seen: China Env - Broke resistance at 0.200 .. price 0.22, out of consolidation towards the upside.
As mentioned in previous call, CHINA ENV has indeed broke above the 0.200 critical psychological resistance level today on TOP 2 VOLUME. Note that this can be a short term positive where it can trade higher to 0.24 then 0.30 eventually. As long as 0.200 remains as the new support level, we are positive for a reversal with a Bullish Rounding Bottom reversal patter spotted.
Stop loss can be at 0.198 for now.
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