Now trading at 11.06 !
Sent: Thursday, July 02, 2015 10:31 AM
Subject: ******** SIA: Breaking above 10.90 a good step towards recovery
Subject: ******** SIA: Breaking above 10.90 a good step towards recovery
SIA has consolidated below 10.85 – 10.90 for about a month and today we have seen some actions as it breaks back up above the 10.90 resistance even clearing above the 11.00 psychological support turned resistance. This may lead to a recovery back to 11.50 then 12.00 if it can manage above 10.90- 11.00 now. At current levels, has crossed above the 20 day MA line with Stochastic and RSI also trending upwards. Macd ALSO has seen a bullish crossover with more legs to the upside after moving down since May on Mers concerns.
No comments:
Post a Comment