Touched our target at 9.60 yesterday then a rebound today as mentioned to accumulate on dips ..... did you manage to trade the downside first then switch position to long..... ?
Sent: Monday, 17 August, 2015 4:58 PM
Subject: ***** SIA: Potential Breakdown below 10.00, CFD SELL on a breakdown, price 10.02
Subject: ***** SIA: Potential Breakdown below 10.00, CFD SELL on a breakdown, price 10.02
SIA has traded back to the key support at 10.00 after breaking above it in Oct last year. Looks weak in the short term with 100 day MA line crossing below the long term 200 day MA negatively. Target on a breakdown can be to 9.60 then 9.40. Indicators still looking weak at the moment so cautious and long positions if 10.00 buyers get thrown down. Those looking to bargain hunt and accumulate on dips can consider somewhere near 9.40 – 9.60 which has been holding for more than 2 years since 2013. CFD SELL can be used to ride any downside on a breakdown confirmation.
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