Halcyon has broken up above the 0.800 psychological resistance today after testing it for the past 2 days. Has been trading below this level for almost 2 months now. Next resistance to watch will be the 0.83 level which was the high tested in July before it dipped back down. As long as 0.800 is a support, a rise towards 0.83 and even 0.900 seems likely. Currently at TOP 30 Volume on breakout which can signify interest returning again. A break above 0.900 can see it go back to the 1.00 which was around the high set in June 2013.
Stop loss at 0.785.
UOBKH – 10 SEPT 2013
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