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Tuesday, January 10, 2017

NetaTel

NeraTel - 11th Jan 2017

NeraTel looks rather bearish from TA point of view. The current share price is testing the recent Low of 39 cents. It has been touching 39 cents for several occasion , I think high chance it may break down soon and head lower towards 37.5 then 35 cents.

Although both Macd and Rsi are staying in an oversold territories they are still no sign of bullish divergence.
Short term wise, I think it may go down to test 37.5 then 35 cents. Breaking down of 35 cents may see it goes lower towards 33 then 30 cents.
(Trade base on your own decision)

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