Monday, July 21, 2014

Follow UP ********************** Breadtalk: Breakout seen today can lead to more upside... price 1.425

Have broke above the 1.40 temp resistance today after consolidating below it since May. Raise stop loss to 1.385 now. Can it head to 1.50 now ? Let’s watch J

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Sent: Thursday, June 05, 2014 9:45 AM
Subject: *********************** Breadtalk: Potential rebound on Breakout of temp resistance....price 1.345.. Watchlist !
After hitting a high of near 1.50 last month, Breadtalk has since pulled back and consolidated briefly, forming a resistance at the 1.35 level. Channel support line that formed since March still holding pretty well. MACD and Stochastic indicators looking at a potential crossover to the upside where it can rebound back up. A break above 1.35 on Above average (more than 1.5m shares) can see it trade to 1.45 then 1.50 first. Long term 200 day MA still pointing upwards where long term trend still in place. KIV.

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