Vallianz: What is happening to it ? Bearish Descending Triangle pattern seen..

Series of CFD sell calls seen previously………. Don’t looks good still, when will the support base firm up again ?

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Sent: Friday, August 01, 2014 9:12 AM
Subject: Follow UP ************************ Potential Breakdown: Vallianz - CFD sell on support breakdown..... price 0.128( Breakdown seen)

Following up from previous BEARISH sell call, Vallianz has broke the 0.130 support today on TOP 3 Volume, more downside can be possible to 0.120 to 0.124 level before any rebound can be seen. CFD SELL with buy stop at 0.132 now.

Sent: Friday, July 11, 2014 2:57 PM
Subject: ************************ Potential Breakdown: Vallianz - CFD sell on support breakdown..... price 0.135

CFD Sell Entry: 0.132 to 0.133 (on clearing of buyers at 0.133)

Target: 0.130, 0.124 then 0.120

Buy stop loss: 0.137

Reason: Potential sell call triggered on breakdown of support. Have closed below the 0.135 critical support yesterday in a sign of weakness. Note that Vallianz has been forming lower highs since Jan and currently we can see a Bearish Descending triangle formation. Stochastic and RSI looking seems like reversing downwards with key support broken simultaneously.