Parkson Retail: More selling towards next support as mentioned, price 0.134

Following up from last week call, we have seen the 0.140 support break down indeed and more selling ensued.

Looks set to test the 0.130 level now where we can see some short covering again.

Trend is still down for now with no reversal in sight.

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Whether up or down, we ride….  J

We did had a Bearish 1ET Bearish ENTRY SIGNAL 2 weeks back on my system where PTI graduates were alerted on our Inner Circle Whats'app group too..... 

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Sent: Thursday, November 17, 2016 10:46 AM
Subject: ******* Parkson Retail: Potential breakdown below 0.140.... downtrend for now.. price 0.143

Parkson Retail has been supported above the 0.150 level since the beginning of the year but since May it has started trading gradually lower with lower highs. A few days back, we have witness a sell down below the key 0.150 level, with this, we can see more weakness below with a potential break down below 0.140 on the cards too. Longer term trend down for now with selling momentum seen. As long as 0.150 is a cap, a short term bearish. Target to 0.130 then 0.120 possible too with it trying to find a new low.

For illustration purpose only