After hitting the high of 81.5 cents, it has since corrected sharply and continue to go down to touch the recent low of 60.5 cents, looks rather negative .
The current price of 62 cents is staying below its SMA lines such as 20,50,100 & 200 days moving average, looks rather weak and may likely continue to trend lower.
Short term wise, I think it may retest 60.6/60 cents.
Breaking down with high volume that may likely see the price sliding down towards 54 cents level with extension to 46.5 cents.
Not a call to sell or buy.
Pls dyodd.
No comments:
Post a Comment