Thursday, June 11, 2015

Silverlake Axis: Rebouding above 1.00 as predicted yesterday :)

Now at 1.065, which is our first target, can it touch 1.10 eventually ?

Sent: Wednesday, June 10, 2015 9:43 AM
Subject: ******* Silverlake Axis: Rebounding back above 1.00 can see some upside, price 1.015
From previous call, Silverlake Axis has indeed broke the 1.00 support level and traded all the way down to 0.93 before a reversal sighted. Today we have seen a temp breakout back above the 1.00 psychological support turned resistance level on top 30 volume. This can open the way for any rebound if it can stay above 1.00 now with a rebound back to 1.06 then 1.10 possible. Stop loss at 0.99 for any long positions for this recovery play. Stochastic and RSI are started to bottom out and may be reversing back upwards on today’s price action. Let’s see is the 1.00 support holds again now.

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