Heading towards 0.180 as per call issued yesterday ?
Sent: Tuesday, December 29, 2015 4:44 PM
Subject: ********** KrisEnergy: Breakdown to new low, bears taking control again.... price 0.200
Subject: ********** KrisEnergy: Breakdown to new low, bears taking control again.... price 0.200
KrisEnergy did not manage to cross back above the 0.265 resistance level and a sell seen again with bears taking control. Today, we have seen a high volume breakdown of the support at 0.22 – 0.225 with it even breaking below the psychological 0.200 support level. Can start to see more downside from here on with CFD SELL positions to continue to ride the weakness below 0.20 – 0.23. All 3 moving averages pointing lower with no end to downtrend intact firmly yet. Target to 0.190 then 0.180 possible as it trades lower to find a new consolidation phase. MACD momentum indicator also below the zero mark clearly with more room to go.
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