Can the 0.73 clear out soon too? Now at 0.700
Sino Grandness has broke the 0.700 psychological support last week and some selling seen thereafter. Went to a low 0.625 before bargain hunting which is also near the 20 day MA line. Likely to consolidation from 0.62 to 0.68 now which forms its new consolidation phase. A bullish hammer spotted last week on the sell down which can be a reversal signal on any push back up above the 0.68 – 0.69 temp resistance level. Those who have already taken profit last week on the sell down can also consider accumulating on dips as long as 0.62 holds.