Following up from Last Friday’s BEARISH CALL, Any breakdown of 0.25 level can see it go down lower to 0.200. Careful long positions. As mentioned, careful long positions, trend looks weak with key horizontal support levels broken and with it below 0.29 – 0.30 now.
Sent: Friday, February 27, 2015 10:28 AM
Subject: **************** Yuuzoo: Becareful long positions, more downside below 0.300... price 0.305
Subject: **************** Yuuzoo: Becareful long positions, more downside below 0.300... price 0.305
Yuuzoo has broken the support at 0.33 yesterday on strong volume and today we have seen it trade lower again with a low at 0.300 which is the current psychological support level. Range would be at 0.30 to 0.33 for now so as long as 0.33 holds as resistance, there can still be more downside below 0.300. A breakdown can see it go to 0.26 then 0.20. Stochasitc and RSI indicator both looking weak at the moment and trending downwards still.
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