Can this support hold today too?
Sent: Wednesday, February 03, 2016 9:17 AM
Subject: ********* Ezra: Potential breakdown below 0.050 now, new low seen again, price 0.052
Subject: ********* Ezra: Potential breakdown below 0.050 now, new low seen again, price 0.052
From previous sell call, Ezra has still maintained below the key 0.060 psychological resistance level and unable to cross above with bears still in control clearly and taking it lower. Today we have seen a breakdown of the temp support at 0.053 which was holding for about 2 weeks. Likely to head towards the 0.050 and test this critical support level. Any further breakdown will see us increasing our CFD SELL positions and lowering buy stop loss to ride the weakness. No one knows how low it can go, so for now, let’s just ride the downtrend.
Sent: Tuesday, January 26, 2016 9:14 AM
Subject: ********** Ezra: Potential breakdown below 0.055 now, target to 0.050, price 0.056
Subject: ********** Ezra: Potential breakdown below 0.055 now, target to 0.050, price 0.056
Following up from previous breakdown call, we have seen a breakdown indeed with a temp support at 0.055 over the past few days. Today, we have seen it attempt a breakdown below this 0.055 temp support, which can see it trade towards 0.050 then 0.040 next. Downtrend intact and weakness can continue with resistance at 0.060 – 0.062 for now. CFD SELL can be used to ride downside further on a breakdown. MACD still negative, no reversal in sight as yet.
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