Sound Global is currently testing its psychological resistance at 0.700. If it manages to stay above today, more upside can be possible. Volume remains at TOP 20 at the moment. You can see that it has been below this 0.700 level since June 2011 till today. As failed to crossed above it for about 4 times. Target will be at 0.78 to 0.800 level is 0.71 clears completely. As long as 0.700 remains as the a resistance turned new support, upside possible to target price.
Put a stop at 0.68 nevertheless.
No comments:
Post a Comment