HL Asia has traded above the 1.40 support level since Oct 2011 but we have seen it break below today. Has been forming lower lows since the beginning of the year and has attempted again to stay above 1.40 since September 2013. More downside can be possible if it does not climb back above the 1.40 critical resistance level now. As long as 1.40 is a new resistance formed, we are midterm bearish with downside to 1.20 or even 1.00. CFD trading SELL to hold on to sell positions.
Buy stop at 1.43
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