Following up from previous POST ON Charisma: http://singaporetradinginsights.blogspot.sg/2014/04/charisma-weakness-seen-over-past-few.html
Charisma Energy has been trading in the range from 0.049 to 0.055 for almost a month already. Bearish head and shoulder pattern still looks dangerous in the midterm and can lead to more downside if immediate support breaks down. A break below 0.049 and 0.048 support levels currently can see it go to 0.040 fast before any temp rebound. Careful. Only the upside breakout above 0.055 will invalidate the bearish scenario, in this case a recovery should shape towards 0.070. Watch this key levels for any major movements.
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