Sent: Thursday, December 11, 2014 9:46 AM
Subject: ******************** Bullish Setup: Artivison Breakout above psychological 0.070 resistance can lead to a recovery, price 0.072
Subject: ******************** Bullish Setup: Artivison Breakout above psychological 0.070 resistance can lead to a recovery, price 0.072
From trading call last month, Artivision did not manage to break out above the 0.095 reistance level and has since traded down to below 0.070. It has consolidated below 0.070 with a low at 0.066 for a few days before breaking upwards again on top volume seen today. This could be the start of a recovery back to 0.080 then 0.084 first. Imeediate resistannce would be at 0.075, if it manages to stay above 0.070 in the coming day, it can trade upwards to test this 0.075 and attempt a breakout further. Both Stochastic and RSI indicators are on the verge of a crossover reversal which can suggest a recovery back. Stop loss at 0.068 for any long positions.
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