Parkson Retail: More selling towards next support as mentioned, price 0.134

Following up from last week call, we have seen the 0.140 support break down indeed and more selling ensued.

Looks set to test the 0.130 level now where we can see some short covering again.

Trend is still down for now with no reversal in sight.

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Whether up or down, we ride….  J

We did had a Bearish 1ET Bearish ENTRY SIGNAL 2 weeks back on my system where PTI graduates were alerted on our Inner Circle Whats'app group too..... 

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Sent: Thursday, November 17, 2016 10:46 AM
Subject: ******* Parkson Retail: Potential breakdown below 0.140.... downtrend for now.. price 0.143

Parkson Retail has been supported above the 0.150 level since the beginning of the year but since May it has started trading gradually lower with lower highs. A few days back, we have witness a sell down below the key 0.150 level, with this, we can see more weakness below with a potential break down below 0.140 on the cards too. Longer term trend down for now with selling momentum seen. As long as 0.150 is a cap, a short term bearish. Target to 0.130 then 0.120 possible too with it trying to find a new low.

For illustration purpose only

Parkson Retail: A move above 0.22 as mentioned in the morning... Now at 0.23....

Good to go still ? Breakout seen…..

Sent: Tuesday, April 19, 2016 9:20 AM
Subject: ************* Parkson Retail: Back above the 0.200 support, potential breakout above 0.22. price 0.215

Following up from precious call, we have indeed seen Parkson Retail headed to a high of 0.22 before some profit taking and back to it month long consolidation again. It has found some support around the 0.190 level over the past few weeks before a move back above the 0.200 resistance yesterday again.  Any breakout above the 0.22 – 0.225 resistance can see it find a new high again with momentum returning with MACD still hovering above the zero mark. Target would be to 0.25 then 0.30 on this move short term.

Parkson Retail: Breakout spotted at 9.07 am above 0.185 live.... first Target hit.... price 0.200....

More upside from here again????  J

Sent: Monday, March 28, 2016 9:07 AM
Subject: **************** Parkson Retail: a move above 0.185 resistance a short term positive. More upside above, price 0.188

Parkson Retails has kind of broke above its 2 months consolidation phase on strong volume again today. As long as 0.185 holds as the immediate support, we can expect a trade towards 0.200 first before some profit taking and maybe even a further breakout.  Has been consolidating sideways below the 0.185 resistance and finally a cross above today. Watching closely to ride further above 0.200…. Stop loss can be at 0.182, raise stop loss to protect profits above 0.190