.jpeg)
Weekly chart displays a more calming trend. 1st support is at 0.124. Next week stock price movement will likely show a more clearer trend pattern. 1st resistance is at 0.145 and the next resistance is at 0.166.
.jpeg)
Sunday, 29 September 2013
A-Sonic Chart Analysis - Rising Moving Average Near Stock Price
A-Sonic's 20-day moving average is rising to 0.122, also approaching the 0.131 price gap on 9 -10Sep. Will this reinforce the 0.131 support level after a week long of declining prices? Will sellers be eager to test this support level? Will buyers allow the support level to be tested? A point to note is the trading volume is declining over the last 3 days. It's a sign that both sellers and buyers are wary of the approaching support level. The flag formation is not negated yet. Interesting time ahead for this stock.
.jpeg)
Weekly chart displays a more calming trend. 1st support is at 0.124. Next week stock price movement will likely show a more clearer trend pattern. 1st resistance is at 0.145 and the next resistance is at 0.166.
.jpeg)
Weekly chart displays a more calming trend. 1st support is at 0.124. Next week stock price movement will likely show a more clearer trend pattern. 1st resistance is at 0.145 and the next resistance is at 0.166.
.jpeg){kind=link}
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment