Huge sell down on breakdown of 0.800 level, can it touched out 2nd target 0.700?
Sent: Friday, August 21, 2015 9:54 AM
Subject: ********* Silverlake Axis: Breakdown of 0.800 support levek can see more weakness.... price 0.785
Subject: ********* Silverlake Axis: Breakdown of 0.800 support levek can see more weakness.... price 0.785
Silverlake Axis has broke below the 0.800 psychological support level that has held for about a week. There can be more downside towards 0.76 then 0.70 now given the convincing breakdown. 20 day MA still pointing lower firmly with no reversal in sight coupled with a weak general market. CFD SELL can be used to ride any downside as long as 0.80 stays as the immediate resistance now with BUY STOP loss at 0.815.
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