Tuesday, August 18, 2015

Breadtalk: CALL ISSUED this morning at 10.13am at 1.28, BEFORE THE breakdown seen !!

Has hit our 2nd target at 1.15 today with it closing at 1.15 !!!!  Wow, did anyone manage to lock in SOME SHORT positions as mentioned this morning?


Sent: Tuesday, 18 August, 2015 10:13 AM
Subject: ********** Breadtalk: Potential breakdown play, in watchlist for downside.... price 1.28
Breadtalk is approaching the 1.26 – 1.27 support level which it has traded above since April last year. A Bearish head and shoulder pattern has been spotted over this period where neckline support coincides with the horizontal support at 1.26 – 1.27 level. ANY FIRM BREAKDOWN on notable volume can lead to a reversal back to 1.20 then 1.15. 20 day MA line has started to turn downwards but more confirmation required. Put in watchlist for a potential sell breakdown call where cfd can be used for any downside.

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