Wednesday, May 18, 2016

AusGroup: A Quick selldown thereafter..... now at 0.087

More weakness to 0.080 as mentioned?

 Sent: Wednesday, May 18, 2016 9:26 AM
Subject: ************ AusGroup: A sell down below previous low can see more weakness, cautious long.... CFD SELL.... price 0.097
We have seen AusGroup traded lower over the past few weeks with it breaking the critical support at 0.100 today on above average volume. This can see more weakness on a close below 0.100 now with the downtrend intact especially if 0.100 is a resistance now. Target to 0.090 then 0.080 possible in the short term. CFD SELL can be used to ride any weakness with a close below 0.100 today as a confirmation. MACD pushing lower with no reversal in sight. A Bearish descending triangle spotted with support at 0.100 too… cautious long…

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