Wednesday, May 3, 2017

Yuuzoo: A glance at system! Really No exits... May still see more selling, price 0.068

Over the past 1 month, we have spotted weakness in this counter Yuuzoo and several emails were sent to clients also to notify them on weakness.

This morning when it was at 0.075, I sent out an email saying that we can still see more weakness towards 0.070.

True enough, we have seen Yuuzoo tested the 0.070 indeed and again a sell down below after 1 hour.

Looks like there is no stopping the weakness for now with it breaking each temp support with no signs of stopping.

Anyway, a client ask if he can have a quick look at my system to see the outlook as I have mentioned about a bearish signal previously.

I took a picture and send him and thought why not share on the blog also, so here it is below.

For illustration purpose only

Yes, so as mentioned in previous email to clients as well, there really is a Bearish signal. On the 11 and 12 April 2017 specifically.

On my 2 completely different strategies.

As you can see also, after the signals, it started selling down like nobody business...

PTI Grads had access to this system and would have been alerted to not only get out BUT perhaps to also consider taking short positions to ride the weakness.

Just hope no one is holding on blindly to this counter like i have said in previous notes. Keep it simple I guess, see a signal to get out, just get out.

Yup, still no exits after 3 weeks.......

Just be careful below 0.070 ok.... I also have no idea how low this can go, we normally just ride where it takes us and protect short positions along the way...

Still not yet a client of Joey? You got to be kidding! 


Recent Emails:

Sent: Wednesday, May 03, 2017 9:09 AM
Subject: ***** Yuuzoo: Downtrend intact, cautious long... price 0.075

Sent: Tuesday, May 02, 2017 9:26 AM
Subject: ******* Yuuzoo: More selliing, still no exit, weak..... price 0.078

Sent: Wednesday, April 26, 2017 9:47 AM
Subject: **** Yuuzoo: More selliing, no exit, weak..... price 0.089

Sent: Wednesday, April 19, 2017 9:19 AM
Subject: **** Yuuzoo: Support gave way as well, not good, price 0.108

Sent: Monday, April 17, 2017 9:22 AM
Subject: ***** Yuuzoo: Downtrend firm, Price 0.115

Sent: Thursday, April 13, 2017 2:54 PM
Subject: ****** Yuuzoo: Break down seen indeed, cautious, Price 0.117

Sent: Wednesday, April 12, 2017 10:13 AM
Subject: ****** Yuuzoo: Heading dangerously towards 0.120 support again, system? Price 0.121

Sent: Tuesday, March 28, 2017 12:33 PM
Subject: ****** Yuuzoo: Heading towards next support, technical rebound, but cautious of next breakdown, price 0.124

Sent: Wednesday, March 15, 2017 9:41 AM
Subject: ****** Yuuzoo: Heading towards next key support at 0.130, rebound or more selling? Price 0.132

For illustration purpose only

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