Can this support hold too?
Sent: Wednesday, August 12, 2015 9:51 AM
Subject: ********* Ezra: Breaking to new low below temp support. price 0.114, cautious
Subject: ********* Ezra: Breaking to new low below temp support. price 0.114, cautious
Ezra can see more downside with a new low today as it breaks below the 0.115 – 0.116 support level today. Downtrend still looks intact with all 3 moving averages still pointing downwards firmly.. Resistance would be at 0.120 for now and as long as it stays below still a negative. CFD SELL on any temp rebound to ride the downside. Target to 0.110 then 0.10 for any further breakdown.
Sent: Monday, August 03, 2015 9:24 AM
Subject: ********* Ezra: Testing 0.130 support level, more downside likely again below, price 0.129
Subject: ********* Ezra: Testing 0.130 support level, more downside likely again below, price 0.129
Seems like that 0.135 support cannot hold too as it trades lower on strong volume which is a negative. Have just broke below the 0.130 psychological support as mentioned last week, there can be more weakness below now. CFD SELL to ride further, Lower buy stop loss to 0.132 to protect profit and continue riding downside. , All 3 moving averages still pointing lower and no reversal in sight as yet. Only the upside breakout above 0.135 will invalidate our bearish scenario now.
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