Monday, July 27, 2015

Yuuzoo: breakdown of 0.200 today too, more weakness?

Low in May was 0.152, heading towards there?

Sent: Wednesday, July 08, 2015 9:36 AM
Subject: ******** Yuuzoo: Breakdown of 0.25 not good, price 0.24
Yuuzoo has been holding above the 0.25 support level for more than a month and today we have seen a breakdown on top 10 volume with huge selling pressure. There can be more downside from here with it staying below support turned resistance at 0.25 now, cautious long positions for those still holding. Technical indicators are pointing lower with MACD dipping below the zero mark after more than a month which can see more selling momentum. Target to 0.20 then 0.180 may be possible.

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