Wednesday, October 9, 2013

********** Potential Rebound: Mirach Energy. (Possible to rebound back up to 0.400 then 0.44)

After the huge sell down seen last week, we have seen pennies slightly stronger and rebounding of their lows. Mirach has just crossed above immediate resistance at 0.32 level which was also the high of yesterday. Next resistance at 0.35 then 0.40. Can consider for a short term trade back up for any rebound like that seen in August 2013 for Mirach. As long as 0.32 remains as support, still bullish in the short term.
Stop loss at 0.31

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