Sent: Thursday, February 12, 2015 9:44 AM
Subject: ****************** Bearish Setup: China Env - Breaking down below 0.200 support, not good, CFD SELL
Subject: ****************** Bearish Setup: China Env - Breaking down below 0.200 support, not good, CFD SELL
As long as 0.200 remains as the new resistance level, can see it retrace back down to 0.180 then 0.150 support level. CFD SELL positions can be used to ride any downside. All 3 technical indicators looks to be turning downwards after the upticks seen since December. It has also just broken below the 20 day MA line and has continued to stay below for about a week. Careful long positions. Have broke below the 0.200 support level today on top 20 volume.
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