Monday, May 4, 2015

Yuuzoo: A Series of sell calls and a BREAKDOWN TO NEW LOW today.... price 0.190

Can it hold further ?

Sent: Wednesday, April 29, 2015 9:42 AM
Subject: ****************** Yuuzoo: Still not out of the woods yet, more downside below 0.195, price 0.215 - CFD SELL
From previous sell call last week, we have indeed seen Yuuzoo traded to a low of 0.198 and stage a slight rebound today. Note that this can possibly be a temp technical rebound and as long as it stays below the 0.23 – 0.25 resistance level, it is still looking bearish in the short term with downside to 0.195 first. Breaking below 0.195 can open the way to 0.190 then 0.180 fast. CFD sell can be used to ride the downside below 0.25 with stop loss at 0.265. 100 day LONG TERM ma line has started pointing downwards with Stochastic and RSI both trending downwards too. Not out of woods with downtrend intact below 0.23.

Sent: Friday, April 24, 2015 3:17 PM
Subject: ******************* Yuuzoo: Becareful long positions, more downside below 0.20, price 0.215
Yuuzoo has indeed broken below the 0.25 support level as mentioned last month so this is not a good sign. Range would from 0.20 to 0.24 now and as long as 0.25 remains as the new resistance, there can still be more downside weakness. A break below 0.200 can pave the way for it to find a new low to 0.190 then 0.180 too. Stochastic and RSI indicators both trending downward on yesterday’s price action so cautious on a further breakdown. Careful long positions. Has been trending below the downward sloping channel resistance line since Nov last year before a breakdown below 0.25. Not good.

Sent: Monday, March 02, 2015 6:06 PM
Subject: ********************* Yuuzoo: Becareful long positions, more downside below 0.25, price 0.26
From last Friday’s call, Yuuzoo has indeed broken the 0.300 support and headed to a low of 0.255 today. Support would be at 0.25 for now. Any breakdown of 0.25 level can see it go down lower to 0.200. Careful long positions. As mentioned, careful long positions, trend looks weak with key horizontal support levels broken and with it below 0.29 – 0.30 now. Breaking below 0.25 would see it at a new low where we can see more sellers taking it lower.

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