FROM yesterday’s call at 9.57am, Yuuzoo has indeed break above the temp resistance at 0.42 – 0.425 in the afternoon yesterday and today hit a high at 0.455,can it trade back to 0.500 ?
Sent: Thursday, December 04, 2014 1:05 PM
Subject: ******************** Yuuzoo - Downward reversal in progress, careful long positions, price 0.43
Subject: ******************** Yuuzoo - Downward reversal in progress, careful long positions, price 0.43
After trending all the way up to a high of 0.625, Yuuzoo has broke below the 0.49 support yesterday on strong volume and today we have seen it broke the immediate 0.45 support level too. Likely to head lower to test the 0.42 support which coincides with the 20 DAY MA line. After that will be 0.40 then 0.32 which was origincally where it broke up from last month. MACD looking at at bearish crossover downwards with both RSI and Stochastic already reversing dowmwards. Carefull long positions and be discipline if 0.40 psychological support does not hold either.
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