Friday, February 13, 2015

********************** Bearish Setup: Ausgroup - Break downof support seen, Price 0.29 - CFD SELL

Sent: Tuesday, February 10, 2015 9:29 AM
Subject: *********************** Bearish Setup: Ausgroup - Break downof support seen, Price 0.29 - CFD SELL
Ausgroup has been trading sideways forming lower highs since November last year above it horizontal support level at 0.295. Overall downtrend still look intact with it trading below the broader channel support line since April. Bearish DESCENDING Triangle spotted which can see more downside to 0.26 then 0.23 in the near term if it stays below 0.295 now. 20 day MA line have been sloping downwards gently with no reversal insight yet. CFD SELL to ride any downside along the way !

No comments:

Post a Comment