Wednesday, July 30, 2014

Follow Up ******************** Bullish Setup: CSE Global - Uptrend remains intact above 0.72...... price 0.725

Following up from previous BUY call, CSE Global eventually managed to break above the 0.700 psychological level last week and hit a high of 0.75. Current range would be 0.72 to 0.75. As long as 0.70 to 0.72 remains as support level, we are positive with the uptrend and target will be to 0.80 first if immediate 0.75 resistance lifts off. Stop loss at 0.69 now. For those who have taken profit earlier, can still consider accumulating on dips above 0.72 for a potential breakout again.


Sent: Friday, July 18, 2014 12:14 PM
Subject: 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  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.

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