******************* Mirach Energy: Breakdown of 0.50 support a sign of more weakness ahead, careful long positions, price 0.049 - CFD SELL

Since breaking below 0.080 support last month, Mirach has seen weakness as it trades lower each trading day and eventually hitting support at 0.050. This was also the support level in Oct 2013. Any breakdown can see more downside to 0.045 then 0.040, CFD SELL to ride the downside further. All 3 moving average pointing downwards at the moment with clear downtrend in sight. Cautious long position.