Thursday, November 12, 2015

OSIM Intl: As predicted, has touched a low at 1.20 today !!!

Will this hold? If not where to?
Congrats to those who  shorted along with us over the past few days!

Sent: Wednesday, November 11, 2015 10:39 AM
Subject: ******** OSIM Intl: Breakdown below 1.30 seen... price 1.275
From previous SELL CALL, we have indeed seen a breakdown of the 1.30 support level on above average volume. The can pave the way lower to 1.25 then 1.20. A new recent low again below 1.30 which is not a good sign. As long as it trades below 1.30, we can still see more weakness ahead with all indicators starting to reverse lower.

Sent: Monday, November 09, 2015 4:42 PM
Subject: ********* OSIM Intl: Potential breakdown below 1.30 further... price 1.31
From previous sell call, Osim is still unable to break back up above the 1.40 – 1.42 level and today it has traded back to the crucial support at 1.30 level. 20 day MA LINE again has crossed below the 100 day MA after trading above briefly only. MACD momentum indicator has staged a bearish crossover and also below the zero market which can see more selling pressure if the 1.30 psychological support clears out as well. CFD SELL positions can be used to ride the downside further on a breakdown with target to 1.25 then 1.20 next. Cautious long if that happens.

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