The downtrend of Vallianz still looks like it will continue. Currently testing the psychological support at 0.100, not that any breakdown from the support level will not be good and can lead to more downside before we see any temp technical rebound. 20 DAY MA Green line still sloping downwards intensely and no sign of reversal yet. Reasonable CFD SELL targets if this 0.100 resistance maintains would be 0.088 then 0.080. Careful LONG positions.
Sent: Thursday, September 11, 2014 5:28 PM
Subject: Follow UP ************************ Support Breakdown: Vallianz - CFD sell on support breakdown..... Bearish Descending Triangle pattern seen..
Subject: Follow UP ************************ Support Breakdown: Vallianz - CFD sell on support breakdown..... Bearish Descending Triangle pattern seen..
From previous Sell call , Vallianz has broke the 0.120 to 0.122 support level today further on TOP 10 Volume. A Descending triangle pattern seen currently. May find a support around the 0.110 level but still a sell with target to 0.100 if this support down not hold too. Both Stochastic and RSI looking weak at the moment with more downside likely. Careful long positions.
Sent: Friday, August 01, 2014 9:12 AM
Subject: Follow UP ************************ Potential Breakdown: Vallianz - CFD sell on support breakdown..... price 0.128( Breakdown seen)
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
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.
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