Following up from trading call last week (See below). Figtree has indeed traded higher touching a new high at 0.46 today. Likely to test 0.50 soon in the next few days. Support would be at 0.44 region with stop loss at 0.425 the same. A BREAK Above 0.500 can pave the way higher to new consolidation phase. Can continue to ride the uptrend till it proves otherwise.
Sent: Thursday, March 13, 2014 5:21 PM
Subject: ************ Figtree: Breakout of Consolidation again..... More upside !
Subject: ************ Figtree: Breakout of Consolidation again..... More upside !
Figtree has consolidated below 0.44 for about a week before breaking above this resistance again. Poised to see it touched the 0.50 target in the short term if can stay above the 0.45 level….. Volume reasonable today. Stop loss at 0.425. Can put this counter in your watch list and try to accumulate on any pullback above 0.44 support, uptrend seems to be still strong.
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