Pacific Andes - clearing above 0.070 firmly can open the way out of consolidation phase

Where to now?

Sent: Tuesday, 12 May, 2015 9:21 AM
Subject: ****************** Potential Breakout: Pacific Andes - clearing above 0.070 firmly can open the way out of consolidation phase, price 0.066

Pacific Andes has still been consolidating from 0.060 to 0.070 for more than 2 weeks and it is trading just above the 20 day MA line consistently. There can still be a potential breakout opportunity if the 0.070 – 0.071 sellers clear out. Volume remains high as it consolidates slowly upwards. Let’s watch if the 0.070 psychological resistance gets taken out.  Range is rather wide at the moment from 0.060 to 0.070, can consider accumulating on dips for a rebound and a potential breakout as long as 0.060 holds in the short term.

Sent: Monday, May 04, 2015 10:19 AM
Subject: ****************** Potential Breakout furher: Pacific Andes - clearing above 0.070 firmly can open the way out of consolidation phase, price 0.068

From last week call, we are indeed seeing Pacific Andes breaking above the 0.065 - 0.066 resistance level today on top 5 volume. As mentioned previously, a bullish rounding bottom has been spotted with neckline resistance also around the 0.066 resistance level. Staying above 0.065 now can see more strength as it attempts a firm breakout above the critical 0.070 psychological resistance level which can open the way to 0.080 fast and close the gap. Note that at current levels, the 20 day MA line has crossed above the 100 day MA line convincingly which can signal an impending trend change at the early phase. Can average up on clearing of 0.070 – 0.071 and raise stop loss to ride further.

Pacific Andes - Can it head above 0.070 now after trading past 0.065 as predicted over the past 1 week, price 0.068

Volume looks strong at the moment as per potential breakout mentioned last week, where to now?

Sent: Tuesday, April 28, 2015 1:14 PM
Subject: ********************* Potential Breakout: Pacific Andes - clearing above 0.066 can open the way out of consolidation phase, price 0.066

From previous buy call, Pacific Andes has been rather volatile, dipping then rising back again on top volume to attempt another breakout above the 0.065 – 0.066 resistance level. A BULLISH rounding bottom bottom has benn spotted with resistance also at this level. Let’s see if it manages to stay above0.065 now in the coming days. Breaking above 0.070 would be a 2^nd confirmation where we can expect more buyer to take it higher to close the gap to 0.080 in the short term. Stop loss at 0.063 for long positions now and raise it along the way.

Sent: Monday, April 20, 2015 9:18 AM
Subject: ********************** Potential Breakout: Pacific Andes - clearing above 0.065 can open the way out of consolidation phase, price 0.063

Pacific Andes has consolidated below the 0.065 resistance level since December last year and today we have seen it attempting a breakout above the 0.065 on top 5 volume. 20 day MA line on the verge of crossing above the 100 day MA and at current levels have also crossed above the long term 100 day MA line. More confirmation on clearing of sellers from 0.065 - 0.066. A bullish rounding bottom pattern spotted with resistance also at 0.065.  Immediate support would be at 0.060 and as long as it trades above there can still be an opportunity for rebound.

*********************** Potential Recovery Play: Pacific Andes - Has broke the 0.056 consolidation resistance on top volume today, price 0.058 (NOW AT 0.061)

Can it break above 0.065 resistance now?