Friday, August 21, 2015

Silverlake Axis: Breakdown of 0.800 support level this morning spotted..... then down it went.... now at 0.73

Huge sell down on breakdown of 0.800 level, can it touched out 2nd target 0.700?

Sent: Friday, August 21, 2015 9:54 AM
Subject: ********* Silverlake Axis: Breakdown of 0.800 support levek can see more weakness.... price 0.785
Silverlake Axis has broke below the 0.800 psychological support level that has held for about a week. There can be more downside towards 0.76 then 0.70 now given the convincing breakdown. 20 day MA still pointing lower firmly with no reversal in sight coupled with a weak general market. CFD SELL can be used to ride any downside as long as 0.80 stays as the immediate resistance now with BUY STOP loss at 0.815.

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