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Friday, July 14, 2017

M1

M1 - 15th July 2017

M1 after hitting the high of $2.31 on 17th May 2017, it has since retreated lower and went down to touch $2.03 on 14th July 2017. This is rather Bearish.



The closing price of $2.05 is hovering below all the SMA lines. This signify weakness and it may continue to go lower .

It has broken the lower TR and it not taking a breather before setting the next movement.
If $2.03 cannot hold then it may see further selling down pressure towards $1.965.
I think this could be a shorting candidate once $2.05 support has been broken down.

I think bargain hunter may come in to support around $1.95-$1.97.
Dyodd .

(trade base on your own decision)

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