Wednesday, August 3, 2016

Spackman: Back to key support at 0.075..... cautious another breakdown.... price 0.076

We have seen a sell down all the way to the 0.075 target as mentioned previously.

Can there be more downside?

If yes, then where too…… Just be cautious...

Protect profits for short positions


Recent Email:

Sent: Monday, July 18, 2016 11:56 AM
Subject: ************* Spackman: A breakdown below 0.100 support then 0.095... weak below 0.100... price 0.093
We can still see more downside if the 0.090 psychological level were to break down again… towards 0.080 then 0.075 likely. Cautious long positions. Short positions can be taken to ride the downside. Macd has crossover to the downside again on this move where selling momentum can continue.

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