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Saturday, June 7, 2014
SONA(5241) ---Update.
The long term uptrend is still intact....represented by trend line XY.
The line Z1/Z2 is the accelerated uptrend before the unneccessary sell down.
The insitutions/funds support is at 100 ema and 200 ema.
The 2 days sell down was well done by the *big boys*...selling from left hand to right hand to create the
*FEAR*.This has a domino effect and the *herd's instinct* was triggered.All are rushing to the EXIT.
The support is now pegged at 0.515 and the next strong support is at 0.495.
I am expecting prices to move back up next week.
(The above is just my2c opinion....Trade at your own risks )
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