Wow, almost a Further Breakout seen today above 0.065 , BUT NOT YET…… Anyway congrats to clients who decided to take profit anyway….. J
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Sent: Wednesday, August 27, 2014 11:14 AM
Subject: Follow UP ************************* Metal Component: Next resistance at 0.059- 0.060 critical..... price 0.058
Subject: Follow UP ************************* Metal Component: Next resistance at 0.059- 0.060 critical..... price 0.058
Following up from previous Potential Breakout call, Metal Component did manage to cross above the 0.055 resistance level over the past week and traded higher. High was 0.059 yesterday which would stand as a next resistance along with 0.060. Range may be from 0.055 to 0.059 before any direction. Can also consider taking some profit and accumulate on dips above 0.055. However, A break above 0.060 can pave the way to 0.065 fast still. Raise stop loss to 0.058 if that happens. MACD just crossed over bullishly which may signal more legs to the upside still after some brief consolidation. J
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