Tuesday, January 24, 2017

Breaktalk: Support holding well, price 1.235

From last week’s call, we have seen BreadTalk maintain above the 1.20 support and even pulling away from it today.

Upside can continue as long as this level holds with some resistance expected from 1.25 – 1.26.

However, there is 1 thing we want to be concerned with this counter..... 

Mess this up and it can hurt your account.


Recent Email:

Sent: Friday, January 20, 2017 10:23 AM
Subject: ******* Breaktalk: Some actions seen, can see more strength from here, price 1.21
Breadtalk has been trading from 1.15 to 1.20 for more than a month and today we are seeing some action above this key resistance. We can expect more upside from here above 1.20 now with target to 1.26 then 1.30.  Longer term moving averages are pointing towards a reversal with short term momentum also positive. With 1.20 holding, a near term bullish. Liquidity may be a concern so be nimble J

For illustration purpose only

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