Now at 1.08….. reaching 1.00 soon ?
Sent: Wednesday, November 18, 2015 11:49 AM
Subject: *********** OSIM Intl: A further breakdown seen again, short term bearish, price 1.145
Subject: *********** OSIM Intl: A further breakdown seen again, short term bearish, price 1.145
Following up from previous sell call, we have indeed seen a huge selldown of Osim after breaking the support of 1.30 last week. It has found some support at the 1.15 – 1.16 level over the past few days but today we are seeing a new low again as it breaks the support yet again. Looks set to head towards the 1.10 then 1.00 support next. Downtrend intact in the short term with 1.15 as a resistance now. All moving averages pointing lower with indicators showing more weakness too especially on today’s high volume breakdown. CFD SELL, cautious long.
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