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Sunday, October 23, 2016


M1 - 21st Oct 2016

M1 looks rather bearish after broken the first support at $2.35 level.
On 20th Oct 2016 it had again broken the 2nd support level at $2.20.

The current price of $2.15 is staying below the SMA lines this is generally quite negative.

Also both Macd & Rsi are still pointing downwards which may likely remain bearish/negative .

Short term wise,I think it may go down to visit $2.10 then $2.00.Breaking down of $2.00 will be super bearish and may even see it share price heading lower towards $1.80.(trade base your own decision)

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