******************* Metal Component: 2 calls previously to accumulate and prepare for breakout. Now at 0.086.

Can it head to 0.090 now ?

Sent: Thursday, November 13, 2014 9:17 AM
Subject: ********************** Metal Component: Consolidation in wait of a rebound again, price 0.080. Resistance at 0.085 key.

Back into consolidation phase as it nears support level. Opportunity for rebound back up to 0.085 as long as it stays above 0.076 support now which was holding for the whole of October. Those who have already taken profit can consider accumulating on dips above 0.076 support for a rebound. Resistance at 0.085 is still critical and seems like a potential breakout soon which can lead to 0.090 then 0.100. Note that the channel support upward sloping line has lend some strong support since August and uptrend still intact as long as above this line.