Tuesday, August 26, 2014

Follow UP ******************** Bullish Setup: Sincap - Bullish Ascending Triangle pattern spotted..... price 0.153

Sincap HAS BROKE above the 0.150 resistance today as mentioned previously. Can consider averaging up to further ride the Upside. Raise stop loss to 0.148 now  J
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Sent: Tuesday, August 19, 2014 12:11 PM
Subject: Follow UP ******************** Bullish Setup: Sincap - Bullish Ascending Triangle pattern spotted..... price 0.146
Seems like it is heading towards our target at 0.150, may consolidate from 0.140 to 0.150 first before more upside. Raise stop loss to 0.147 on a break above 0.150 convincingly.  J Still can consider adding to long position if support above 0.150 on breakout, look at the upside gap it can fill. Strict stop loss though

Sent: Wednesday, August 13, 2014 9:28 AM
Subject: Follow UP ******************** Bullish Setup: Sincap - Bullish Ascending Triangle pattern spotted..... price 0.130..... Potential breakout seen....
Have broke above the 0.130 resistance level convincingly today on Strong volume….. May find a support at 0.135 now before more upside…. Price 0.138 now !!!  J May start to trade towards 0.150 as mentioned yesterday if supported above 0.140 now. Raise stop loss if that happens

Sent: Tuesday, August 12, 2014 11:15 AM
Subject: ********************* Bullish Setup: Sincap - Bullish Ascending Triangle pattern spotted..... price 0.130..... Potential breakout seen....
Sincap has formed a Ascending triangle pattern with higher lows since Dec last year and a clear resistance at 0.130. Currently testing this resistance again. Any breakout above it clearly can be a key positive and lead to a new upward phase to 0.140 – 0.150 targets. Stochastic and RSI indicators reversing upwards strongly along with yesterday and today’s price action. Any clearing of sellers at 0.132 to 0.133 can be a further confirmations. Can consider long positions with stop loss at 0.127 if that happens.

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