Will the next support at 0.800 hold again? Price 0.85
Sent: Monday, January 18, 2016 1:00 PM
Subject: *********** OSIM Intl: A further breakdown seen again below the temp 0.95 support... downtrend continues.... price 0.895
Subject: *********** OSIM Intl: A further breakdown seen again below the temp 0.95 support... downtrend continues.... price 0.895
From previous call, we have seen OSIM traded for more than a week in the range of 0.95 to 1.01 but able able to stay above the 1.00 resistance firmly. Today, we have experienced a further breakdown below the 0.95 support level with more selling coming back. MACD is still negative and looking at a bearish corssover back down again at the negative zone on today’s price action. May head to 0.80 now next support. CFD SELL positions can be used to ride weakness further as long as 0.90 – 0.95 is a resistance now.
Sent: Thursday, January 07, 2016 4:07 PM
Subject: ******** OSIM Intl: A further breakdown seen again below the KEY 1.00.... short term bearish below... price 0.98
Subject: ******** OSIM Intl: A further breakdown seen again below the KEY 1.00.... short term bearish below... price 0.98
Osim has traded in the range of 1.00 to 1.12 since November and today we have seen a breakdown of this key psychological support level. More downside likely from here on below 1.00 as bears regained control with the market and downtrend dominates again. Long term moving average are still pointing lower firmly with no reversal in sight. Target to 0.94 then 0.90 in the short term before some consolidation and technical rebound again… CFD SELL positions can be used to ride weakness….
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