Still seeing lots of resistance at 0.205 – 0.21, let’s see. Congrats to those who manage to accumulate on dips previously J
Sent: Wednesday, July 01, 2015 9:56 AM
Subject: ******** Fu Yu: Consolidating for 2 weeks with uptrend still intact, price 0.193
Subject: ******** Fu Yu: Consolidating for 2 weeks with uptrend still intact, price 0.193
Following up from previous buy call, we have indeed seen Fu Yu traded upwards and headed to a high of 0.195 before consolidating sideways. Range would now be from 0.185 to 0.195 with support also being the 20 day MA line. Has been supported above the 0.185 for about 2 weeks already. Uptrend in the long term still looks intact as long as 0.185 holds. Clearing above 0.195 can lead to the critical 0.200 which will determine if it can end its sideways consolidation. Can consider accumulating on dips above 0.185 with stop loss at 0.183. Average up while raising stop loss on a clear breakout above 0.200.
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