Monday, June 30, 2014

*********************** China Enviro: Potential rebound above 0.29, more dowside if support at 0.26 BREAKS DOWN further....... Careful long

Currently range trading from 0.26 to 0.29….. A break above 0.29 to 0.30 would be a positive for it to rebound back to 0.35. However note ANY LONG positions with stop loss at 0.25 as a breakdown of support at 0.26 can take it lower. Stochastic and RSI indicator looking at a crossover for any rebound but more confirmation needed.

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