Wednesday, September 14, 2016

Wing Tai: Did the support at 1.70 just broke down as mentioned yesterday ? price 1.67

Shared on a potential breakdown below 1.70 level yesterday morning….

A trade below after call issued and today a further sell down on market weakness….

Let’s see if the 1.65 holds for now too....

MACD still looking weak….


Recent Email:

Sent: Tuesday, September 13, 2016 9:08 AM
Subject: ************* Wing Tai: Back to key suppport level... price 1.705
After 2 months trading above the 1.70 psychological level, we are seeing Wing Tai approach this support again on profit taking over the past few days. We can see a rebound from there level back to 1.80 but also good to note that a bearish rounding top pattern has been seen and a specific price action break down below 1.70 can see weakness towards 1.65 then 1.60 which were the support in June. Seeing some selling at 1.695 for now…

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