Tuesday, August 6, 2013

******* CFD Trading SELL: TigerAir. Share price 0.585. (Broke down critical 0.600 support) - CFD SELL TRADE

TigerAir is currently at an all time low at 0.585 level. It has broken down the CRITICAL 0.600 SUPPORT level that it has tested in Dec 2011. Was hovering above it dangerously for the past month but failed to stay above it with a convincing breakdown yesterday with a low of 0.58 reached. More downside can be possible to 0.55 level before we see any temp technical rebound. As long as 0.600 is not broken back up, we favour a down move with 0.55 and 0.50 as the next targets.
BUY stop at 0.615 for CFD Sell trades.

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