Tuesday, March 22, 2016

Sino Grandness: New high seen above 0.600 resistance.... price 0.63

A breakout seen above the 0.58 – 0.60 yesterday….. what a run seen…. What now??

Sent: Friday, March 18, 2016 10:41 AM
Subject: ************* Sino Grandness: Still supported above the 0.55 support level, consolidating in wait of more direction, price 0.57
Sino Grandness is still trading in the range with support at 0.55 and temp resistance at 0.58 now. As long as the 0.55 holds, we can still see more upside momentum especially if the 0.600 clears out as well. In any case, raise stop loss to 0.54 to protect profits if the 0.55 support fails to hold as we may see a retracement below again on a breakdown.

No comments:

Post a Comment