More weakness ahead?
Sent: Thursday, November 12, 2015 11:36 AM
Subject: *********** Rowsley: Breakdown below 0.190 support not a good sign... price 0.186
Subject: *********** Rowsley: Breakdown below 0.190 support not a good sign... price 0.186
We have seen a breakdown of the 3 weeks consolidation support yesterday on strong volume and today a follow through with it maintaining below 0.190 new found resistance still. Temp support at 0.185 for now and we can experience more selling pressure if this level clears out as well with target to 0.178 – 0.180 next which was the support seen last month. Cautious and long position below 0.190. Huge sellers seen stacked above 0.188 levels.
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