Follow Up ******************** Bullish Setup: CSE Global - Initial phase of upside rebound seen ........ price 0.67.... (Now 0.685)

Have touched 0.700 resistance today which was our initial target but failed to break above. Range likely from 0.68 to 0.70 now. Raise stop loss to 0.675 now. For those who have taken profit, uptrend still intact above 0.68 new support so can consider accumulating again in wait of breakout, let's watch !   J 

Sent: Wednesday, July 16, 2014 4:17 PM
Subject: ********************* Bullish Setup: CSE Global - Initial phase of upside rebound seen ........ price 0.67....

Entry: 0.655 to 0.67

Target: 0.70 then 0.80

Stop loss 0.635

Reason: CSE Global has broken up above the immediate resistance at 0.65 over the past few days and managed to stay above it. Range likely to be from 0.65 to 0.68 currently. Can consider accumulating within range for more upside above the 0.68 to 0.70 resistance level. Look at the gap it can fill. Has formed a strong channel support since May and seems like an initial rebound opportunity above 0.70. 20 DAY MA still sloping upwards and more upside can be possible still above 0.65 support.