Thursday, November 5, 2015

Silverlake Axis: A SERIES OF BUY CALLS....... then a breakout above 0.700 psychological resistance again today !

How do we predict this? Now at 0.73  ;)

Sent: Wednesday, November 04, 2015 4:33 PM
Subject: *********** Silverlake Axis: Potential upside above 0.700 further, breakout above 0.67 seen !! price 0.685
Silverlake Axis has consolidated above the 0.600 support for more than a week and today we have seen a move above the 0.66 – 0.67 resistance level which was the recent high formed last month. There can be more upside from here on as long as 0.66 holds as the new support. A breakout above 0.700 can pave the way to 0.800 fast too. RSI and Stochastic indicator are reversing upwards too after the recent slowdown.

Sent: Thursday, October 15, 2015 9:18 AM
Subject: ******* Silverlake Axis: Consolidation above new support still a positive ! price 0.62
Following up from previous call, we have still seen Silverlake Axis supported above the 0.60 – 0.61 level which was originally the resistance it broke out from last week. Has hit a high of about 0.66 before retracing down again on profit taking when market weakened over the past few days. As long as 0.60 – 0.61 holds as the support now, we may still see a recovery back to range resistance at 0.66 then 0.70. 20 day MA line still in the process of reversing upwards. Stop loss at 0.59 for any long positions accumulated near support.

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