Wednesday, April 29, 2015

Breakdown Spotted: QT Vascular - careful long positions - breaking below 0.25 support can see more downside, price 0.24 - CFD SELL

Call issued this morning at 0.24 then down it went, can 0.200 hold? Now 0.22

Sent: Wednesday, April 29, 2015 9:50 AM
Subject: ****************** Breakdown Spotted: QT Vascular - careful long positions - breaking below 0.25 support can see more downside, price 0.24 - CFD SELL
Following up from previous call, we have seen QT Vascular rebound slightly and today we have seen it attempt a breakdown of its ciritcal support at 0.25. Note that as long as it stays below now, there can be more downside to 0.20 in the short term , CFD SELL to ride any downside. Long term trend still looks negative with it trading below the channel resistance downward sloping line since June last year. A bearish Descending triangle pattern spotted with support at 0.25 too. Not good below 0.25 now. CFD SELL

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