Tuesday, February 18, 2014

************ Trading BUY: Vallianz. Share price 0.152. Broken out of Downtrend finally...

Vallianz has broken up above the downtrend line (which can signal a change in direction upwards). Even the 0.150 resistance level which also coincides with the 20 DAY MA short term Green line has been convincingly cleared. As long as it stays above 0.150, more upside likely back to 0.160 to 0.180 range.
Stop loss at 0.147.

Sent: Monday, February 10, 2014 10:31 AM
Subject: ******** May stage a rebound: Vallianz. Share price 0.145. (To clear 0.150 convincingly)
Vallianz has been consolidating from 0.140 to 0.150 for the past week. A break out above the downtrend channel resistance line at 0.150 can signal a move back up. Possible to touch 0.160 then which is the 20 DAY MA line. Possible to acumulate within range for a potential rebound.

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