As per last Friday’s call, Osim did manage to breakout above 1.80 convincingly and now at 1.955, can it touch the 2.00 target now?
Sent: Thursday, October 30, 2014 9:45 AM
Subject: ********************* Osim: 1.90 support did not hold either, a negative below it.
Subject: ********************* Osim: 1.90 support did not hold either, a negative below it.
Osim did not manage to hold above 1.90 support either, careful long position as long as it stay below 1.90 resistance now. May stage a rebound from 1.80 to 1.84 level in the short term though. As long as below 1.90, still a negative now. Huge sellers emerging from selldown below 1.90 in the morning. Those who already have CFD SELL positions from yesterday, congrats, you can also take some profit first amidst the fast sell down.
Sent: Wednesday, October 29, 2014 9:28 AM
Subject: ********************** Osim: Breakdown of 2.10 support on strong volume can be a negative... price 1.99
Subject: ********************** Osim: Breakdown of 2.10 support on strong volume can be a negative... price 1.99
From previous call, OSIM did not managed to stay above the 2.60 support level and has since came down as mentioned. Today we have seen it broke the 2.10 support level on strong volume and also the 2.00 psychological support level. This may lead to more weakness ahead to 1.88- 1.90 level which was holding well from June to Oct last year. As long as 2.00 remains as a resistance, we are short term bearish and may head lower to test these support. Those looking to accumulate on dips can consider near 1.90 level. CFD SELL to ride any downside.
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