Thursday, April 14, 2016

Sino Grandness: Breakout above 0.68 temp resistance DID HAPPENED today....

Can the 0.73 clear out soon too?   Now at 0.700

Sent: Monday, April 11, 2016 10:15 AM
Subject: ************* Sino Grandness: Some profit taking seen last week on the breakdown below 0.700, may be a good time to accumulate for the rebound again... price 0.665
Sino Grandness has broke the 0.700 psychological support last week and some selling seen thereafter. Went to a low 0.625 before bargain hunting which is also near the 20 day MA line. Likely to consolidation from 0.62 to 0.68 now which forms its new consolidation phase. A bullish hammer spotted last week on the sell down which can be a reversal signal on any push back up above the 0.68 – 0.69 temp resistance level. Those who have already taken profit last week on the sell down can also consider accumulating on dips as long as 0.62 holds.

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