Thursday, June 18, 2015

Silverlake Axis: Can it break above the 1.20 resistance?

Heading towards our target as predicted on Monday, now at 1.185 !!! Congrats to those who locked in some long positions then.

Sent: Monday, June 15, 2015 10:19 AM
Subject: ****** Silverlake Axis: Rebounding back above 1.10 on strength, price 1.14
Following up from previous BUY call, we have indeed seen Silverlake Axis break above the 1.10 resistance level further on strong momentum and this can see it continue to recover upwards. As long as 1.10 – 1.12 is a new support level now, we are short term bullish with target to 1.18 - 1.20 where were originally the support turned resistance level now. Crossing back above 1.20 can pave the way to 1.30 then 1.34. Stochastic indicator has reversed upwards with MACD indicator also showing a bullish crossover which can see more momentum coming back upwards.

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