Heading towards 0.120….. or maybe even 0.105 as mentioned…. ?
Sent: Tuesday, January 05, 2016 4:47 PM
Subject: *********** Geo Energy Res: Back to Support, more weakness below 0.130 still, price 0.131
Subject: *********** Geo Energy Res: Back to Support, more weakness below 0.130 still, price 0.131
Following up from previous SELL CALL, we have indeed seen a trade back down to the support at 0.130. Just be cautious if this level from 0.128 – 0.130 does not hold too. We may see it trade lower to the low seen in September where target can be to 0.120 then 0.105. Closing and staying below for a few days can serve as a further confirmation of more weakness ahead. CFD SELL can be used to RIDE THE downside further in this case of a breakdown.
No comments:
Post a Comment