Wednesday, August 13, 2014

Follow Up************** Midas: CFD Sell opportunity....Broken critical support at 0.425..... - CFD SELL trade setup.... price 0.415

Following up from previous SELL CALL, Midas has traded to a low of 0.425 and has formed a support above this level. Note that this support at 0.425 has been holding since Jan LAST YEAR and finally we have seen a breakdown today on TOP 20 volume currently. More downside can be possible to 0.400 then 0.35. A Bearish Descending triangle spotted since Jan this year where it has been forming lower highs. 20 day MA LINE sloping downwards negatively on the breakdown too. Can consider further CFD SELL positions to ride more downside with BUY STOP loss at 0.435.   J


Sent: Monday, May 12, 2014 11:32 AM
Subject: ************** Midas: CFD Sell opportunity....... Immediate 0.46 support broken...... More downside possible in short term.....
Sell Entry: 0.455 to 0.46
Target: 0.425 then 0.40
Stop loss: 0.47
Reason: Breakdown of temp 0.46 support on top 20 Volume with Stochastic indication turning negative….

Tuesday, August 12, 2014

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Follow UP******************* Bullish Setup: Yangzijiang - Reverse head and shoulder pattern spotted, potential breakout above key resistance...... watchlist, price 1.135 (Price 1.15 now)

Can Yangzijiang break above the 1.15 to 1.6 Key resistance levels? Let’s see.
  

Sent: Wednesday, June 18, 2014 9:16 AM
Subject: ******************* Bullish Setup: Yangzijiang - Rebounding back up after recent consolidation. Broke 1.065 immediate resistance....
Entry: 1.075 to 1.09
Target: 1.16, 1.18 then 1.24
Stop loss: 1.045
Reason: High Volume breakout above 1.065 resistance level that it was trading below for more than 2 weeks after the plunge seen on 30th May due to negative news on its management. Clearing of sellers at 1.10 to 1.105 can serve as a confirmation to 1.16. At current levels, also coincidentally crossed above the 20 DAY SHORT term MA which can signal some momentum ahead especially if Strong Volume persist. MACD indicator oversold, and looking at a Bullish crossover currently.