An Intra-Day Breakout with “MOC” 28/10/2015.

A perfect down trending channel since May of this year, has been violated, ending the down trend with MOC as of this writing intra day 28/10.Broken Supply (Resistance line) line of the channel now turns support on any potential pullback. All Fib. Retracement ratios are potential upside targets/resistance zones, as shown.Short term price support @ $1.79 (low of yesterday 28/10) coupled with the supply line support (prior resistance) making $1.80 zone a important short term support zone to watch.

Disclosure : Held



All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration. The information on this website is no substitute for financial advice.


Comments are closed.