Wednesday, January 15, 2014

******* Potential Rebound: Viking. Share price 0.148. ( can it cross above 0.150 ?)

Viking has consolidated below 0.150 for about a week after the sell down last week when support at 0.158 was broken. Currently psychological support stands at 0.150 which also coincides with the 20 DAY MA line. Any break up above 0.150 can possible lead to a retracement back up to 0.158, 0.160 then 0.166. Volume still reasonable at top 20 currently while 0.150 is tested. Monitor closely if it does break above.
 

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