Tuesday, July 7, 2015

SIIC Environment: A potential breakdown call yesterday morning, then it happened.....

Have hit our DOWNSIDE targets at 0.180 and 0.174 yesterday. A slight rebound today from yesterday’s low of 0.169, where to now? 

Sent: Monday, July 06, 2015 11:22 AM
Subject: ******* SIIC Environment: Back to temp support at 0.186, careful on breakdown, price 0.188
SIIC Environment has still been trading below the 0.200 support turned key resistance now and weakness still seen below 0.200. Today we have seen it neared its immediate support at 0.186 which also coincides with the 100 day MA line. Note that any clearing below 0.186 with buyers at 0.185 taken out too can pave the way to 0.180 and 0.174. with 20 day MA accelerating downwards further. CFD SELL can then be used to ride any downside. Cautious long positions below 01.85 fyi.

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