Monday, July 1, 2013

**** Possible Sell trade: Interra Resource. Share price 0.445. (CFD SHORT TRADE ONLY)

Interra Res has been consolidating above the 0.45 support level since Mar 2013 for about 3 months already and was holding really well. Currently 0.45 support has been tested and broken today. Needs more confirmation when the 0.44 level gets thrown down. If this happen, note that I has also broken below the 200 DAY MA line. Next support would be from 0.415 to 0.400 level which was supported since Jan 2013. Cam consider some short positions if the 0.44 lifts off too with a downside target of 0.400.
Buy stop at 0.465. 

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