Monday, June 8, 2015

Silverlake Axis: Weakness seen after CFD SELL call issued, still below 1.10

Can the 1.00 support level hold now? Now at 1.02

Sent: Tuesday, June 02, 2015 9:34 AM
Subject: ******** Silverlake Axis: Weakness expected below 1.10 support. Cautious long, CFD SELL, price 1.095
Silverlake Axiz has broken below the 1.10 critical support level today on strong top 30 volume. There can be more downside towards the 1.00 psychological support level if it stays below over the next few days below 1.10 support turned resistance now. CFD SELL to ride any weakness. All 3 indicators pointing lower on last Friday’s and today price action and at current levels, it has also crossed below all 3 moving averages which can suggest a weakness in trend forming. Cautious long below 1.10 now. A Bearish Head and Shoulder pattern spotted also with support at 1.8 and 1.10 broken down.

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