Thursday, March 12, 2015

Sino Grandness - A Series of sell calls made, any end to the downside ?

Sent: Thursday, March 12, 2015 3:20 PM
Subject: ******************* Sino Grandness - broke 0.25 support on new low today, more weakness expected, price 0.24
From previous sell call, Sino Grandness did not managed to break above the 0.300 psychological and had just staged a temp technical rebound before dipping back down again as mentioned on Tuesday. Today we have seen it broke below the 0.25 support level which is a new low and there can be more downside as long as it stays below 0.25 now in the coming days. CFD SELL to ride the downside to 0.200 first. All 3 moving average surging downwards firmly and technical indicators also pointing lower, cfd sell ! Buy stop loss at 0.265
Sent: Tuesday, March 10, 2015 9:22 AM
Subject: ******************** Sino Grandness - Consolidation but not out of woods below 0.300 resistance, price 0.285
Has rebounded from the 0.25 support level today and heading back towards 0.300 support turned resistance level. Range would be from 0.25 to 0.30 for now. As long as it stays below 0.300. note that there can still be more downside after a temp technical rebound, but a clear breakout can lead to more strength back to 0.35 – 0.36 levels which was originally the support levels. Note the levels. MORE cfd sell TO RIDE THE downside further if the 0.245 – 0.25 levels does not hold eventually.
Sent: Monday, March 09, 2015 9:50 AM
Subject: ********************* Sino Grandness - Poised for more weakness below 0.30 resistance now, price 0.255 - CFD SELL
Following up from previous call last week, Sino Grandess has traded to the 0.25 – 0.255  support. Low seen at 0.255 today which can lend some support. MA trend lines all pointing downwards with 20 day MA pulling further away from the 100 and 200 day ma signaling short term weakness. Note that any sell down further from 0.245 – 0.25 level can see it trade lower to 0.200. CFD SELL to ride downside further. Indicators still showing more room to go for it to trade lower.
Sent: Friday, March 06, 2015 12:20 PM
Subject: ********************** Sino Grandness - Poised for more weakness below 0.30 resistance now, price 0.285
Have broken support at 0.300 today on strong volume, as mentioned, there can be more downside below the 0.30 new resistance now. Target can be to 0.26 then 0.20 in the near term. Technical indicators still look bearish and trending down with more momentum to continue in the short term. CFD sell below 0.300 with BUY STOP Loss at 0.315 possible.

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