Monday, February 22, 2016

Trendlines: Can it cross our first target at 0.25? high at 0.24 today before some profit taking....

Congrats to those who managed to lock in some positions last week on the break above 0.200.... J

Sent: Monday, 15 February, 2016 10:01 AM
Subject: ******************** Trendlines: Bullish Rounding Bottom spotted, with a stong volume breakout above 0.200... momentum may continue above... price 0.205
Today we have seen Trendline break above the 0.190 resistance level firmly on above average volume, even the 0.200 stand no chance too. At current levels, it has crossed above the 20 day MA line which can signal a reversal in short trend especially if 0.200 holds as a support now. Target to 0.25 then 0.28 in the short term. As long as 0.200 holds, we are short term bullish, more confirmation on a close above 0.200 today too. Indicators positive and most showing signs of bottoming out and reversing upwards. A bullish Rounding bottom pattern spotted with resistance at 0.200 which it has traded below for about a month. Stock to take note for short term upside, stop loss can be at 0.196 for long position above 0.200.

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