Wednesday, June 10, 2015

Yuuzoo: will the 0.25 support hold now?

More weakness below 0.25 as mentioned yesterday?

Sent: Tuesday, 9 June, 2015 3:56 PM
Subject: ********* Yuuzoo: Back to 0.265 - 0.27 support, becareful of a further breakdown, price 0.265, cautious long
Yuuzoo has traded back to the 0.265 support over the past few days on market weakness and today we have seen it dipped slight with a low at 0.255. Note that staying below 0.27 now with temp 0.25 support can still see more weakness towards the 0.20 then 0.150 level. Stochastic and RSI are beginning to turn downwards strongly on today’s price action with downward momentum also expected with MACD showing a bearish crossover. ANY throw down of 0.25 – 0.255 buyers will serve as a confirmation of more downside. Not available under CFD, but cautious long position. Get out when needed with a trading plan.

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