Let’s watch !
Sent: Friday, October 02, 2015 10:44 AM
Subject: ********* Silverlake Axis: I am still waiting patiently for the potential breakout..... key level 0.61 resistance......price 0.595
Subject: ********* Silverlake Axis: I am still waiting patiently for the potential breakout..... key level 0.61 resistance......price 0.595
We have seen Silverlake Axis approach the 0.61 KEY resistance level again after dipping back to 0.52 support level on market weakness over the past few days. Any clear move up above the 0.61 – 0.62 line on strong volume can start to see more buyer coming in and end to the consolidation phase. Monitoring closely for a firm breakout. Stop loss at 0.585 for any breakout. MACD has undergone a positive crossover and still trending upwards with more momentum likely to take it high is a breakout occurs. 20 day MA also flattening out and may reverse too on a breakout. In watchlist !
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