What a breakout seen yesterday, can it eventually cross out 2nd target at 0.200 ?
Sent: Friday, June 12, 2015 9:26 AM
Subject: ********* Fu Yu: Temp resistance at 0.182, poised for a rebound above to 0.190 then 0.200, price 0.182
Subject: ********* Fu Yu: Temp resistance at 0.182, poised for a rebound above to 0.190 then 0.200, price 0.182
Fu Yu has consolidated below the 0.182 resistance level for about a week with a bullish hammer candlestick bar spotted last Friday. Resistance at 0.182 at the moment and breaking above can lead the reversal back to its previous high at 0.190 then 0.200. 20 day ma line has lend great support since March and still pointing upwards firmly with short term trend intact upwards. Closing above 0.180 in the next few days and staying above can start to see a new upward phase as it begin its rebound. Has been support above the upward sloping channel support line since march.
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