MM2 Asia: Downside targets may still be playing out... Price 0.385

Just 2 months back, there were already some signs of weakness in this counter and more downside was expected…

Could see then that the moving averages were all turning down and there were some bearish crossovers spotted too…

Prices were also forming lower highs which can point to a downtrend taking shape…

Hence some downside targets were drawn as seen below.. With first target at 0.400..

Target hit  over the past few days but seems like we may be heading towards the next lower target with sellers still in control…

Downtrend still firmly intact below 0.400 now, cautious….

Would not be wise to hold on to this counter without a plan…

See where we are now currently below and revised target on more bearish price actions… cautious…

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MM2 Asia: More upside after the note 2 weeks back, Price 0.625

About 2 weeks ago, we saw some actions in MM2 Asia with it breaking past the 0.55 key level…

Was at about 0.57 then..

It faced come profit taking at 0.600 and retraced lower but only to gather more strength….

From the arrows on the chart drawn below, seems like our first target at 0.600 has already been breached and looks set to head higher…..

For illustration purpose only

Uptrend still looking good above 0.600…..

Let’s see if our next target can be hit or maybe even higher….

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MM2 Asia: The move came, More upside above 0.50 now? price 0.51

Following up from previous call last week, finally we have experienced the move above the key 0.500 resistance level today.

Staying above now can now see more upside from here with the uptrend continuing.

Seeing a crossover at the momentum indicator on positive territory too where we may see more momentum returning.

As long as 0.500 is a support for now, we are short term positive and can continue to ride while protecting. J

Congrats to those who were prepared for move, let’s see..... J

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Recent Email:

Sent: Thursday, January 12, 2017 10:40 AM
Subject: ********** MM2 Asia: Back to the key resistance level..... waiting for the move... price 0.485

For illustration purpose only

MM2 Asia: Still consolidating, can the upside continue? price 0.795

Target hit at 0.800 previously before some consolidation…..

Seeing some actions again today as it approached the critical 0.800 psychological resistance level.

We can again see some profit taking near here with a trade back to 0.75 which is the support for the uptrend to continue.

Only a specific price action above 0.800 can see the upside continue towards 0.900 then 1.00 potentially.

When will that happen? Let's see.

Alerts set.  :)

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Recent Emails:

Sent: Thursday, September 01, 2016 9:43 AM
Subject: ****** MM2 Asia: May some resistance near 0.800 before some consolidation again, price 0.795

Sent: Tuesday, August 30, 2016 9:20 AM
Subject: ******* MM2 Asia: A push above the 0.76 level a good sign of more strength, price 0.765

Sent: Monday, August 15, 2016 9:31 AM
Subject: ********* MM2 Asia: Stil holding above the 0.70 - 0.71 new support.... price 0.73

Sent: Friday, August 12, 2016 11:45 AM
Subject: ********* MM2 Asia: Out of consolidatiion can see uptrend continuing... price 0.725

MM2 Asia: Have broke a new high with uptrend still firm...... price 0.705, when was the first entry triggered?

MM2 Asia has broke above the 0.64 – 0.65 temp resistance over the past few days and has headed to the key 0.700 level….

All moving averages still pointing higher at the moment… with uptrend intact still about 0.65 imo ..

There can still be more room to go, as so far, we are seeing a new move upwards after each consolidation…. 

It may consolidate from 0.65 to 0.70 now before more upside… BUT SEEMS like the 0.700 just got out of the way too as I am typing….

Raise stop loss for any long positions please…

BUT THE THING IS………

When was the First entry we were looking at?

The First BULLISH TRIGGER SIGNAL came on 18^th  Feb 2016 with an Entry price at 0.385 – 0.39 from my system developed…. (see below)….

There were some exit triggers a few months later then……

A RE-ENTRY AGAIN…….

Now, it’s at 0.070…..

That’s an 81.8% GAIN from the first Entry price…..

In less than 4 months actually…..

Just sharing……

Have a great weekend!