Can it touch our 0.85 target ? BREAKOUT INDEED SEEN as clients were alerted last week.
As per previous breakout all, Sinarmas Land has broke out above the 0.800 psychological resistance today on top 10 volume. Posied for more upside to 0.85 then 0.90 as mentioned previously. Can consider averaging up to ride more upside with stop loss at 0.785 for now.
Sent: Monday, February 23, 2015 9:39 AM
Subject: ****************** Bullish Setup: Sinarmas Land - Stay above 0.75 support can still see more upside. resistance at 0.80 now.
Subject: ****************** Bullish Setup: Sinarmas Land - Stay above 0.75 support can still see more upside. resistance at 0.80 now.
Sinarmas Land has broken above the 0.75 resistance level last week and today we have seen further strength with a high at 0.78 as it pushes towards the 0.800 psychological resistance level. As long as 0.75 – 0.76 is a new support level, there can be more upside as it consolidates further and eventually breaking above 0.800. A break above 0.80 can pave the way to 0.85 then 0.90 in the short term. Has been trading upwards since last month and momentum still looks good as it forms a new high on each trading day and 20 day MA line also pointing upwards firmly.
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