Following up from previous call, we have seen a new low for Augroup today along with some other oil and gas peers…
Looks like this sector is still weak going forward with many counters breaching their key supports too.
Ausgroup has broke below the 0.050 support over the past few days as mentioned in previous downside target.
Now back to 0.040 and we can still see more weakness if this level fails to hold too….
Downtrend firmly intact and a move towards 0.020 and lower possible too.
We Actually had a 1ET BEARISH SIGNAL Exactly 2 weeks AGO…
Before all the SWIBER winding up saga…..
And then it happened, and then it traded lower…
Sometimes, to be honest, I am also Amazed at how this strategy can pick out such setups before a major event occur….
See below what I mean…..
Downside of 27.3% and still counting….
No exits yet, I am not sure if it will come anytime soon
Just protect profits for any short positions for now…. J
Recent Emails:
Sent: Tuesday, August 02, 2016 9:44 AM
Subject: ********* AusGroup: A new low, more weakness below 0.040 still.. price 0.040
Subject: ********* AusGroup: A new low, more weakness below 0.040 still.. price 0.040
Sent: Thursday, June 16, 2016 11:32 AM
Subject: ********* AusGroup: Back to temp 0.065 support again.... cautious if it breaks, price 0.065
Subject: ********* AusGroup: Back to temp 0.065 support again.... cautious if it breaks, price 0.065
Sent: Monday, June 13, 2016 9:20 AM
Subject: ********** AusGroup: Move below 0.075 as mentioned can see retracement.....
Subject: ********** AusGroup: Move below 0.075 as mentioned can see retracement.....
Sent: Friday, June 10, 2016 9:34 AM
Subject: ********** AusGroup: Back to consolidation after surge.... where to?
Subject: ********** AusGroup: Back to consolidation after surge.... where to?
No comments:
Post a Comment