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
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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