Follow UP ********************* Mirach Energy: Consolidation in wait of direction - price 0.21. (Repost - now 0.23)

Has managed to break above 0.225 yesterday as mentioned on Monday. High today seen at 0.24. Where to now ?

Sent: Monday, August 04, 2014 1:33 PM
Subject: Follow UP ********************* Mirach Energy: Bearish Breakdown seen currently...... price 0.176.

Following up from Previous call, Mirach has indeed broken below the 0.200 critical support and has slowly dipped lower each trading day. Current immediate support at 0.178 to 0.180 has been tested and broken today so more downside can be possible if it closes below too. CFD sell positions for aggressive traders to ride any potential downside to  target at 0.160 then 0.140 level. There can be a temp technical rebound among these levels after any huge sell down too. Buy stop limit order at 0.182 for now. Protect your long positions if any.

Sent: Monday, June 30, 2014 9:42 AM
Subject: ********************* Mirach Energy: Speculative counter......price 0.205 ....... Direction NOW?

Mirach have broke the 0.24 support level last Thursday on strong volume and went to a low of 0.200 psychological support level….. this is also where the Short term 20 DAY MA and the Longer term 200 DAY MA support currently is right now coincidentally. So far we have seen some fairly strong support at the 0.200 level so it may form as a base for any rebound from here back to 0.24 level first. Any long positions from 0.205 to 0.21 to partake in any rebound should have strict stop loss at 0.198. IF THE SUPPORT AT 0.200 gets thrown down fast along with 0.199, can consider CFD SHORT positions to ride the downside to 0.190 then 0.180. From the market depth, we can see huge buyers forming a support at the 0.200 level at the moment, let’s see if that holds. Mainly a speculative counter to participate in any short term rebound or downside.